1031 Deal Hub

Denny's

Overview

Denny’s is a restaurant chain with over 1,600 locations worldwide. Denny’s is known for their breakfast menu but also has a full lunch and dinner menu. In 2018, Denny’s also partnered with Amazon restaurant to help expand their delivery options for patrons. Denny’s usually offers a 20-year NNN lease, relieving landlords of responsibility. In addition to the long base term, Denny’s offers rent escalations of 10% every 5 years. A 1-acre lot would be ideal for the average prototype building of 3,800-5,000 square feet.
Lowest Cap Rate

3.75%

Average Cap Rate

5.58%

Property & Lease

Average Sale Price

$2,000,000 – $2,500,000

Average NOI

$100,000 – $125,000

Building SF

3,800 – 5,000

Lease Term

20 Years

Escalations

10% Every 5 Years

Stock Symbol

NASDAQ:DENN
Credit Rating

S&P

N/A

Moody’s

N/A

Tenants

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