Denny’s – NNN – Jacksonville, FL

 

  • Price: $2,945,000
  • Property Type: Free Standing (1 Tenant)
  • Occupancy: 100%
  • CAP: 50%
  • Building Area: 5,390 SF = 500 m2
  • Lot: 19 AC = 4,815 m2
  • NOI: $191,420/annual
  • Annual Expenses: 0 (Zero) NNN – Tenant responsible for all expenses including insurance and property tax
  • Contract Terms: 5 Years remaining on Contract ( Expiration December 21, 2027) – JUST REMODELED
  • Increases: 10% every 5 Years.
  • Extensions:  4 – 5  years options.
  • Guarantor: Franchisee – Proficient Management, Inc.  (9 Units operator)
  • Extra:    Strong Franchisee, Great Sale/Rent Ratio, Same Place since 1994, store was just remodeled
  • Location: Ideally located in Jacksonville, directly off interstate 295, main corridor close to Regency Square Mall, AMC Regency 24 and Regency Park Shopping Center (Over 200,000 residents in 5 miles radius