NNN Denny's Restaurant For Sale
$1,275,000
7135 North Carolina 4, Rocky Mount, NC 11791
5.5
Cap Rate
82,500
NOI
Details:
Highlights:
- NNN Denny’s Restaurant
- Strong Franchisee with 34 locations
- Strategically located off of I-95
- Tenant pays the real estate taxes directly to the municipality
- Median Household Income of $60,000.00
- Approximately 6,500 cars pass the site daily
- Restaurant serves as a rest stop for long haul truck operators
- Located 6 miles from North Carolina Wesleyan University
Description:
This freestanding NNN Denny’s Restaurant is ideally located just off of Interstate 95 in the Rocky Mount North Carolina area. It is next door to a Baymont by Wyndham hotel providing 24 hour dining to many of Baymont’s occupants. The site also serves as a dining and rest area for commercial truck operators traveling through Interstate 95. The parking lot can accommodate up to 14 tractor trailers. The building was constructed in 1992 and is operated by RJC, LLC. RJC is based out of Livermore, California and operates a total of 34 Denny’s franchised restaurants. The majority of those restaurants are located in North Carolina. The lease is pure NNN with no landlord responsibilities and provides for rent escalations approximately every 5 years.
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