Log In/Sign Up
Your email has been sent.
248 Quaker Rd
Queensbury, NY 12804
Denny's · Retail Property For Sale
Investment Highlights
- INTERSECTION OF TWO MAJOR HIGHWAYS
- LESS THAN 3 MILES AWAY FROM 7,200+ STUDENTS AND 440+ MULTIFAMILY UNITS
- STRONG RENT-TO-SALES RATIO
- SHADOW ANCHORED BY NEW YORK'S HIGHEST PERFORMING TENANTS
- 27-YEAR HISTORY AND RECENT REMODEL
- BRAND NEW 20-YEAR ABSOLUTE NNN LEASE WITH 10% RENT INCREASES EVERY 5 YEARS
Executive Summary
The Northmarq National Restaurant Group is pleased to offer this single-tenant Denny's located at 248 Quaker Rd, Queensbury, NY 12804. The property is secured by an absolute NNN lease with a fresh 20-year term and 10% renewal options every 5 years. This location has operated as a top performing Denny's since 1999 and offers a strong 5.5% rent-to-sales ratio. The property features convenient visibility and access from Quaker Rd (33,956 VPD). Quaker Rd provides direct access to US Route 9 (11,660 VPD) and I-87 (44,905 VPD). The property is surrounded by traffic drivers, including 3,200+ students and 440+ multifamily units.
The property is shadow anchored by some of the top retailers in New York, creating synergy for casual dining establishments such as this. With its long-term absolute NNN lease, strong sales, and surrounding traffic drivers, this offering provides investors with a compelling blend of stability and long-term value.
The property is shadow anchored by some of the top retailers in New York, creating synergy for casual dining establishments such as this. With its long-term absolute NNN lease, strong sales, and surrounding traffic drivers, this offering provides investors with a compelling blend of stability and long-term value.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,136 SF
Building Class
B
Year Built/Renovated
1999/2023
Price
$1,488,369
Price Per SF
$474.61
Cap Rate
6.50%
NOI
$96,744
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.10 AC
Zoning
HC-IN
Parking
54 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
50’ on Quaker Rd
Property Taxes
| Parcel Number | 523400-302-008-0001-042-000-0000 | Improvements Assessment | $496,000 |
| Land Assessment | $240,000 | Total Assessment | $736,000 |
Property Taxes
Parcel Number
523400-302-008-0001-042-000-0000
Land Assessment
$240,000
Improvements Assessment
$496,000
Total Assessment
$736,000
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
