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Property Details

  • Price $1,628,500
  • Cap Rate 6.25%
  • Tenancy Single
  • Property Type Retail
  • Property Subtype Restaurant
  • Building Size 4,238 SF
  • Year Built 1973

Investment Highlights

  • NNN lease with 6.5 years remaining and 2, 5-year options
  • 5% increases every 5 years – 5.5% percentage rent of gross sales
  • Seasoned location with 53-year operating history
  • Low price point – management free asset, ideal for passive investor
  • Corner parcel with monument signage off Highway 99 – 68,217 vehicles per day
  • Located next to Double Tree Inn by Hilton, Motel 6, and Super 8 by Wyndham
  • Within close proximity to Grocery Outlet, Trader Joes, Marshalls, PetSmart, Five Below, Dollar Tree, Cinemark, Dutch Bros, Wendyʼs, Panda Express, 7-Eleven, and Sherwin-Williams
  • Multi-unit franchisee operator – West Coast Diner Management, Inc
  • 1,341 Dennyʼs locations throughout US – 363 in California
  • Proven casual dining concept – well recognized brand

 

Team