Restaurant For Sale
5,250 Sq Ft
This Denny's asset features an absolute NNN lease with approximately 6.25 years remaining. The operator, who is an experienced Denny's franchisee with several locations, has personally guaranteed the lease.
The subject property is practically surrounded by Hotels with eight existing hotels and a 9th under construction providing a strong built-in flow of diners.
Per Costar, population counts for 2019 within five miles of the property are 302,000 with an expected population in 2024 of 314,000, which would be a growth of 3.89%.
Casey's General Store has a new location currently under construction adjacent to the property at the corner of Shingle Creek Parkway and Freeway Boulevard, demonstrating the continued desirability of the location.
The adjacent former bowling alley, is scheduled to be renovated into a new event center in 2020, per agent discussions with owner of that property