Cocoa Beach, FL - Denny's

Description:

• The lease is guaranteed by an established (200+ Unit Operator)
• EYM Group is a multi-brand franchisee company of Denny’s, Pizza Hut, and Panera Bread restaurants
• The tenant, Denny’s, will sign a brand new 15 year lease at the close of escrow, demonstrating their commitment to the site
• The lease features 10% rental increases every 5-years throughout the initial term and at the begginging of the option period, providing a hedge against inflation and steadily growing NOI

• The subject property is located less than a mile from Banana River Square, a Publix Supermarket anchored square with many other local tenants
• Less than 5-miles from Health First’s Cape Canaveral Hospital, the largest hospital in Cocoa Beach with over 150 beds
• The Denny’s is located in the primary retail corridor, with many nearby national/credit tenants including CVS, Walgreens, Bealls, Winn-Dixie, Dairy Queen, McDonald’s, and more
• Strong tenant synergy promotes crossover shopping to the subject property