Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, franchisee guaranteed, Denny’s investment property located in Orlando, FL. The tenant recently extended their lease an additional 10 years with 4 (5-year) option periods, demonstrating their long-term commitment to the site. The lease features 8% rental increases every 5 years throughout the initial term and option periods, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Founded in 1953, Denny’s is among the largest diner-style restaurants chains with over 1,700 locations around the world.

Denny’s is strategically located along S. John Young Parkway with clear visibility and access to an average of 72,000 vehicles passing by daily. The asset benefits from a centralized location with direct access onto Florida’s Turnpike (112,000 VPD), Interstate 4 (194,000 VPD), and several state highways, providing easy access for employees and customers. Denny’s is ideally situated within Sand Lake Corners, a 526,000+ SF Power Center anchored by Walmart Supercenter and Lowe’s Home Improvement. The additional major shopping centers in the area include Orlando International Premium Outlets (774K+ SF), The Mall at Millenia (1.124M+ SF), The Florida Mall (1.943M+ SF), and many others. The surrounding national/credit tenants consist of The Home Depot, PetSmart, Costco Wholesale, Marshalls, Best Buy, and Macy’s, among many others. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. Furthermore, the property is within proximity to numerous single-family communities and multi-family complexes including Sandlake Palazzo (120 units), Greenwich Park (256 units), Sand Lake Pointe (312 units), and more, providing a direct residential consumer base for the site. The 5-mile trade area is supported by over 215,900 residents and 191,000 daytime employees, with an average annual household income of $86,964.