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Denny's | 14 Yr NNN | 305+ Unit Operator 9220 S Houghton Rd 4,433 SF Retail Building Tucson, AZ 85747 $2,659,251 CAD ($599.88 CAD/SF) 5.75% Cap Rate

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INVESTMENT HIGHLIGHTS

14-Year Lease with 305+ Unit Operator | Strong Sales | New Denny’s Prototype
Walmart & Home Depot Out-Parcel | Strong Corridor

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Strong Demographics In 5-mile Trade Area

EXECUTIVE SUMMARY

SRS Real Estate Partners is pleased to present the opportunity to acquire the fee simple interest in a brand new, absolute NNN leased Denny’s investment property. The tenant, Feast Restaurants, will enter into a brand new 14-year lease with four (5-year) options to extend, highlighting their long-term commitment to the location. The lease features 10% rental increases every five years throughout the base term and option periods, providing investors with a steadily growing net operating income and a strong hedge against inflation. The building features Denny’s latest prototype, showcasing the brand’s most modern design and layout, aligning with current consumer preferences and operational efficiency.

PROPERTY FACTS

Sale Type

Investment NNN

Sale Condition

Sale Leaseback

Property Type

Retail

Property Subtype

Restaurant

Building Size

4,433 SF

Building Class

Year Built

2019

Price

$2,659,251 CAD

Price Per SF

$599.88 CAD

Cap Rate

5.75%

NOI

$152,925 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.15

Lot Size

0.66 AC

Parking

38 Spaces (8.57 Spaces per 1,000 SF Leased)

Restaurant

Signage

Accommodation and Food Services
99,999 SF
$9.99
Lorem Ipsum
Jan 0000

For over 70 years, Denny’s has been a welcoming place where people can connect over great food. They're always open, always serving your favorites, and they're proud to be America's diner. They’re more than just customers or consumers. They’re their guests, and they invite them into their homes with open arms. They’re the very reason why they're in business, and they put them at the center of everything they do. Their Denny's family is their most important asset. They trust, support and respect each other and work together for the greater good. They recognize the contributions of all. They are the classic American diner and proud of everything that means. Since 1953, they've served quality food and healthy portions at a fair price. No matter where they are, their light is always on, inviting guests around the world into a place where everyone is welcome. At Denny’s, they're constantly looking ahead. They're always moving, striving for more, hungry for greatness.