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Denny's 675 Manzanita Ct 4,238 SF Retail Building Chico, CA 95926 $1,500,000 ($353.94/SF) 7.21% Cap Rate
Investment Highlights
- Absolute NNN lease with 6 years remaining and 2, 5-year options | 5% increases every 5 years – 5.5% percentage rent of gross sales
- Multi-unit franchisee operator – West Coast Diner Management, Inc | 1,341 Denny's locations throughout US – 363 in California
- Close proximity to Grocery Outlet, Trader Joes, Marshalls, PetSmart, Five Below, Dollar Tree, Cinemark Dutch Bros, Wendy's, Panda Express, 7-Eleven
- Low price point – management free asset, ideal for passive investor | Seasoned location with 53-year operating history
- Corner parcel with monument signage off Highway 99 – 68,217 vehicles per day | Located next to Double Tree Inn , Motel 6, and Super 8 by Wyndham
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,238 SF
Building Class
B
Year Built
1900
Price
$1,500,000
Price Per SF
$353.94
Cap Rate
7.21%
NOI
$108,101
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.77 AC
Zoning
CITY
Parking
52 Spaces (12.27 Spaces per 1,000 SF Leased)
Frontage
352’ on Manzanita Ct
Amenities
- Freeway Visibility
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- 4,238 SF
- $1.96
- Triple Net
- Aug 2032
Denny's began in 1953 as Danny's Donuts in Lakewood, California, and later grew into a diner-style restaurant chain serving guests around the clock. Denny's offers full-service dining with breakfast, lunch, and dinner menus, and the business operates through a franchise-oriented model that supports both corporate and franchise restaurants. Over time, Denny's expanded from a single donut shop into a familiar American diner brand with a broad restaurant presence in the United States and additional international markets. Denny's transitioned to private ownership in 2026 while continuing to focus on serving Denny's and Keke's guests.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 4,238 SF | $1.96 | Triple Net | Aug 2032 |
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 006-240-019-000 | Improvements Assessment | $393,754 |
| Land Assessment | $499,717 | Total Assessment | $893,471 |
Property Taxes
Parcel Number
006-240-019-000
Land Assessment
$499,717
Improvements Assessment
$393,754
Total Assessment
$893,471
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