4541 Macey Ln
Lake Wales, FL 33859
Denny's | 20yr Abs NNN | 2017 Renovation · Retail Property For Sale

The subject site is located along US Highway 27, a primary north/south thoroughfare that travels directly through Lake Wales with over 35,000 vehicles passing by on a daily basis. The asset has excellent visibility & significant highway frontage which increases its exposure to vehicles passing by. Denny’s just recently completed a major remodel in April 2017, revamping the interior with new floors, ceilings, tables, chairs, booths, wall coverings, new counters, TVs, and more. The remodel gives the restaurant a modern diner look and has been proven to increase same-store guest traffic, with dinner seeing the strongest lift. The site is located next to national/credit tenants that include Walmart Supercenter, The Home Depot, Kohl’s, Publix Super Market, PetSmart, Bealls Outlet, Walgreens and more, further increasing consumer traffic and promoting crossover shopping in the area. In addition, less than 2 miles south is Eagle Ridge Mall (625,000 SF of retail), currently anchored by JCPenney & Dillard’s and includes a 12 screen Regal Cinemas theater. The 5-mile trade area is supported by a population of approximately 47,000 with an average household income of $62,000.