737 W US Highway 50 | O'Fallon, IL 62269
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737 W US Highway 50
O'Fallon, IL 62269
Denny's | O'Fallon IL · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 9 Years Left on an Absolute Triple Net (NNN) Lease With No Landlord Responsibilities
- 20 Year Long-Term Operating History
- Strong Guaranty Backed By Sunrise Restaurants LLC Which is a Subsidiary of WKS Corporation, the Largest Denny’s Franchisee in the Nation
- Strong Hedge Against Inflation With 1.5% Annual Increases
- Recently Remodeled Which Shows a Strong Commitment to the Location
- Buyer Will Have the Benefit of Receiving $73,950.84 of Deferred Rent From the Tenant Starting January of 2022
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
5,234 SF
Building Class
C
Year Built/Renovated
2000/2016
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.03 AC
Zoning
B-1
Parking
64 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Number | 04-30.0-323-003 | Improvements Assessment | $214,328 |
| Land Assessment | $102,582 | Total Assessment | $316,910 |
PROPERTY TAXES
Parcel Number
04-30.0-323-003
Land Assessment
$102,582
Improvements Assessment
$214,328
Total Assessment
$316,910
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