Denny's 585 N 2nd E 4,410 SF Retail Building Rexburg, ID 83440 $1,845,000 ($418.37/SF) 6.50% Cap Rate

Marcus & Millichap’s Brown Retail Group has been selected to exclusively market for sale a newly constructed Denny’s restaurant in Rexburg, ID featuring a 17+ year absolute net lease with two 10-year options to extend. The lease offers secure, long-term cash flow with zero landlord responsibilities, providing investors true passive income. The lease includes 10% rent increases every 10 years during the initial term and option periods, delivering inflation protection and growing returns over time. The property is operated by a seasoned Denny’s franchisee with over 25 years of experience and a portfolio of 24 Denny’s, 15 Papa John’s, and multiple Dave’s Hot Chicken locations across six states, ensuring strong operational performance. Built in 2023, the building reflects Denny’s latest design standards and technology upgrades, supporting brand visibility and operational efficiency. Strategically located across from a high-traffic shopping center anchored by the #3 ranked C-A-L Ranch store nationally and a busy Albertsons with over 649,000 annual visits, per Placer.ai, the site benefits from consistent traffic and visibility. Surrounding national retailers include Walmart, Hobby Lobby, Harbor Freight, AutoZone, McDonald’s, Arby’s, and Dairy Queen, reinforcing the property’s position in a dynamic trade area. Situated on N 2nd E with visibility to nearly 20,000 VPD, the property offers prominent signage and easy ingress/egress, including a protected center turn lane. The location is further supported by nearby employers and entertainment venues such as Basic American Foods, Rexburg Rapids, and Fat Cats Rexburg, driving steady customer flow. Serving a population of over 50,700 residents within a five-mile radius, with average household incomes exceeding $75,000 and a student base of 20,000+ from BYU-Idaho, the property is ideally positioned for casual dining success.