Historical Retail Sale Listing - Denny's

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Denny's

2215 Delaware Avenue, Buffalo, NY 14216

N/A

5,118 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
5,118 SF
Property Type:
Retail
Property Sub-type:
Restaurant
Property Use Type:
Investment
Building Class:
A
Year Built:
1978
Lot Size:
1.18 AC
Zoning Description:
C-Buffalo
Listing ID
17608350
Last Updated
over 1 year ago

Description

Denny's net lease investment opportunity. 5,118sf restaurant on a lot measuring approximately 1.18 acres. Property was developed for Denny's in 1978. Current lease thru 1-21-2016. One renewal at five years with annual rent increases. Current rent of $73,185 per year with rent increases annually. Overage rent of approximately $10,000 per year. Total income equaling $83,185 per year (estimated). Denny's is one of the leading full-service family style restaurant chains in the US with more than 1,650 total locations, 232 of which are company owned and operated. Located in the heart of the North Buffalo Retail Corridor. Stable neighborhood with good demographics.

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Created 4/9/2012