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Denny's 126 Troy Rd 4,616 SF Retail Building East Greenbush, NY 12061 $3,658,268 CAD ($792.52 CAD/SF) 6.50% Cap Rate
Investment Highlights
- CROSSROADS OF TWO INTERSTATES | NEXT DOOR TO LARGEST TRAFFIC DRIVERS IN EAST GREENBUSH
- NEIGHBORHOOD OF TOP PERFORMING RETAILERS
- STRONG RENT-TO-SALES RATIO
- EXPANDING PHARMA PLANT AND FEDEX FACILITY NEARBY
- 28-YEAR HISTORY AND RECENT REMODEL | ADDITIONAL INCOME INCLUDED
- BRAND NEW 20-YEAR ABSOLUTE NNN LEASE WITH 10% RENT INCREASES EVERY 5 YEARS
Executive Summary
The Northmarq National Restaurant Group is pleased to offer this single-tenant Denny's located at 126 Troy Rd, East Greenbush, NY 12061. The property is secured by an absolute NNN lease with a fresh 20-year term and 10% renewal options every 5 years. This location has operated as a top-performing Denny's since 1998 and offers a strong 5.5% rent-to-sales ratio.
The property is located along US Route 4 (22,247 VPD), and offers visibility from I-90 (76,592 VPD) via prominent signage. The property is poised to benefit from the 300K SF FedEx distribution center five minutes away, as well as, the expanding Regeneron Pharmaceuticals offices two miles away. The site benefits from many other traffic drivers including Evergreen Commons Rehab Center, two major hotels, and Columbia High School (1,192+ students).
The property includes additional income from sign rental from a neighboring hotel. In addition, it is located near high-performing retailers, creating synergy for casual dining establishments such as this. With its long-term absolute NNN lease, strong sales, and surrounding traffic drivers, this offering provides investors with a compelling blend of stability and long-term value.
The property is located along US Route 4 (22,247 VPD), and offers visibility from I-90 (76,592 VPD) via prominent signage. The property is poised to benefit from the 300K SF FedEx distribution center five minutes away, as well as, the expanding Regeneron Pharmaceuticals offices two miles away. The site benefits from many other traffic drivers including Evergreen Commons Rehab Center, two major hotels, and Columbia High School (1,192+ students).
The property includes additional income from sign rental from a neighboring hotel. In addition, it is located near high-performing retailers, creating synergy for casual dining establishments such as this. With its long-term absolute NNN lease, strong sales, and surrounding traffic drivers, this offering provides investors with a compelling blend of stability and long-term value.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,616 SF
Building Class
C
Year Built/Renovated
1956/2023
Price
$3,658,268 CAD
Price Per SF
$792.52 CAD
Cap Rate
6.50%
NOI
$237,787 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.56 AC
Zoning
05
Parking
140 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
122’ on Troy Rd
Amenities
- Freeway Visibility
- Pylon Sign
Nearby Major Retailers
Property Taxes
| Parcel Number | 2400-155-7-1.2 | Improvements Assessment | $1,202,693 CAD |
| Land Assessment | $509,593 CAD | Total Assessment | $1,712,286 CAD |
Property Taxes
Parcel Number
2400-155-7-1.2
Land Assessment
$509,593 CAD
Improvements Assessment
$1,202,693 CAD
Total Assessment
$1,712,286 CAD
Contacts
-
Maggie Brady -
Matt Lipson -
Will Pural -
Mike Philbin -
Enoch Escalera -
Mitch Bensch -
Ava McKenzie -
Northmarq
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Denny's | 126 Troy Rd
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