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3422 W Gentry Pkwy
Tyler, TX 75702
Denny's · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long-Term Lease Commitment - Absolute NNN Lease with Rental Increases
- Experienced Multi-Unit Franchisee/Operator
EXECUTIVE SUMMARY
Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in the Denny's located in Tyler, TX (“The Property”). The Property consists of a 2,324-square-foot freestanding retail building on a 0.45-acre parcel of land. Denny's is operating under a longterm, absolute NNN lease with 13 years of lease term remaining. Additionally, the lease features 10% rental increases every five (5) years, offering investors a hedge against inflation. The next rent bump occurs in May 2028.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,000 SF
Building Class
B
Year Built
1989
Price
$1,050,000
Price Per SF
$350
Cap Rate
8%
NOI
$84,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.45 AC
Opportunity Zone
Yes
Zoning
C-2 - Commercial
Parking
32 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- 24 Hour Access
- Pylon Sign
- Restaurant
- Signage
- Tenant Controlled HVAC
- Recessed Lighting
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 1-50000-1208-00-023020 | Improvements Assessment | $1,109,011 |
| Land Assessment | $225,431 | Total Assessment | $1,334,442 |
PROPERTY TAXES
Parcel Number
1-50000-1208-00-023020
Land Assessment
$225,431
Improvements Assessment
$1,109,011
Total Assessment
$1,334,442
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