Denny's 8131 W Bell Rd 5 236 pi² Commerce de détail Immeuble Peoria, AZ 85382 5 385 309 $ CAD (1 028,52 $ CAD/pi²) 5,25% Taux de capitalisation

The Snyder Carlton National Net Lease Team is pleased to offer investors the excellent opportunity to acquire a top performing Denny’s in the Phoenix MSA (population exceeding 5.2 million). “America’s Diner” operates over 1,500 restaurants worldwide and has been in business for over 70 years. Stine Enterprises, the operator of this location, is highly experienced within the fast-food industry with over 87 Jack in the Box locations, 14 Denny’s restaurants and a new 75-unit development deal with Hawaiian Bros. Denny’s has successfully operated at this location since 1993, demonstrating the popularity and profitability of this restaurant. Denny’s has over 9.3 lease years remaining in the primary term with two 10-year option periods and the Owner benefits from 10% rent increases every 5 years. This location is ranked top 5% in Arizona (Placer.ai) and is subject to an absolute NNN lease with no landlord responsibilities. The property has below market rent with upside potential for a Buyer, offering an investor low downside risk and inflation resistant passive cashflow.
The 5,236 SF building on 1.28 acres is an outparcel to the Target anchored North Valley Power Center, opposite the 1.2 million square foot Arrowhead Town Center Mall and is strategically positioned along one of Phoenix’s busiest retail corridors (over 90,500 VPD). Additionally, the subject property is less than a half mile from the Peoria Sports Complex which host Spring Training for both the San Diego Padres and the Seattle Mariners. Nearby national retailers include The Home Depot, Walmart Supercenter, Sam’s Club, Hobby Lobby, HomeGoods, Bank of America, Chase Bank, Wells Fargo, McDonald’s, Chick-fil-A, In-N-Out Burger, Panera Bread, Raising Cane’s and more!