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2215 Delaware Ave
Buffalo, NY 14216
Denny's · Retail Property For Sale
Investment Highlights
- ABSOLUTE TRIPLE NET LEASE WITH LONG-TERM STABILITY
- SIGNIFICANT LEASE TERM REMAINING
- LANDLORD-FAVORABLE LEASE STRUCTURE
- ESTABLISHED, NATIONALLY RECOGNIZED BRAND
- PERCENTAGE RENT UPSIDE | VALUE-ORIENTED CONCEPT | RECESSION RESISTANCE
- BUFFALO MARKET STABILITY | ESTABLISHED OPERATING LOCATION
Executive Summary
Northmarq is is pleased to offer this single-tenant Denny's property located at 2215 Delaware Avenue in Buffalo, New York 14216 (the "Property"). The asset is secured by a long-term, 20-year absolute triple net (NNN) lease with TL Restaurants, Inc., a Denny's franchisee, providing investors with stable, predictable, fully passive income backed by one of America's most enduring and recognized full-service restaurant brands. With all taxes, insurance, maintenance, and operating expenses contractually assigned to the tenant, and an express prohibition on tenant termination even upon landlord default, the Property offers an exceptional landlord-favorable covenant and a premier passive investment opportunity in one of North Buffalo's most established retail corridors.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,118 SF
Building Class
C
Year Built
1978
Price
$2,164,864
Price Per SF
$422.99
Cap Rate
6.25%
NOI
$135,304
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.12 AC
Zoning
N-3E
Parking
60 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
Property Taxes
| Parcel Number | 140200-078-790-0001-001-100 | Improvements Assessment | $451,700 |
| Land Assessment | $702,300 | Total Assessment | $1,154,000 |
Property Taxes
Parcel Number
140200-078-790-0001-001-100
Land Assessment
$702,300
Improvements Assessment
$451,700
Total Assessment
$1,154,000
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