Tucson, AZ - Denny's

Description:

SRS Real Estate Partners is pleased to present the opportunity to acquire the fee simple interest in a brand new, absolute NNN leased Denny’s investment property. The tenant, Feast Restaurants, will enter into a brand new 14-year lease with four (5-year) options to extend, highlighting their long-term commitment to the location. The lease features 10% rental increases every five years throughout the base term and option periods, providing investors with a steadily growing net operating income and a strong hedge against inflation. The building features Denny’s latest prototype, showcasing the brand’s most modern design and layout, aligning with current consumer preferences and operational efficiency.

The lease is absolute NNN with zero landlord responsibilities. The tenant is responsible for all property expenses including CAM, taxes, insurance, and maintenance of the entire premises, making this an ideal, management-free investment opportunity for passive or out-of-state investors seeking reliable, hands-off income. Strategically located as an outparcel to Houghton Town Center, the property benefits from proximity to numerous national and credit tenants including Walmart Supercenter, Home Depot, T.J. Maxx, Petco, Ross, Crumbl Cookies, Popeyes, Panda Express, and McDonald’s, driving consistent daily traffic to the area. The site also benefits from strong tenant synergy in a thriving retail corridor with nearby brands such as Dutch Bros, Freddy’s Frozen Custard, AutoZone, Dunkin’, and more—fostering frequent crossover shopping and increasing consumer draw to the subject property. The property is further supported by strong local demographics, with over 52,487 residents and 6,655 employees within a 5-mile trade area, and an average household income of $139,409. These robust fundamentals, combined with the long-term lease, passive structure, and prime retail location, make this Denny’s a compelling investment opportunity.