This Retail Property is Off-Market.

2215 Delaware Avenue
Buffalo, NY 14216 ·

5,118 SF · Retail For Sale

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Denny's

Price N/A Building Class A
Building Size 5,118 SF Year Built 1978
Property Type Retail Lot Size 1.18 AC
Property Sub-type Restaurant Zoning Description C-Buffalo
Property Use Type Investment
Listing ID: 17608350 Date Created: 04/09/2012 Last Updated: 01/03/2013

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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2215 Delaware Avenue, Buffalo, NY 14216 (Erie County)

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