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NNN Denny's Restaurant For Sale

$1,275,000

7135 North Carolina 4, Rocky Mount, NC 11791

Active
Last Updated: 12/05/2024

5.5

Cap Rate

82,500

NOI

Details:
Cap Rate:    5.5%
NOI:    $82,500
Building Size:    3,926 sqft
Lot Area:    1.22 acres
Occupancy:    100%
Lease Type:    Triple Net
Year Built:    1992
Zoning:    GB- General Business
Tenancy:    Single
Year Last Renovated:    71
Parking Ratio:    18
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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