Denny’s

Tenant Description

Denny’s was founded in September of 1988, and operates as a franchised full-service restaurant chain. It operates over 1,600 restaurants in the United States (including Puerto Rico and Guam), Canada, Costa Rica, El Salvador, Mexico, The Dominican Republic, Guatemala, Japan, Honduras, New Zealand, Qatar, Philippines, United Arab Emirates, Curaçao, and the United Kingdom.

What To Look For When Buying A Denny’s

Store Sales, Real Estate Intrinsics

What We Like About Denny’s

Brand Recognition, Many of the restaurants are located in proximity to freeway exits, bars, and in service areas.

Competition

Bob Evans, Friendly’s, IHOP, Cracker Barrel, Black Bear Diner

What Is Sold In A Denny’s

In addition to its breakfast-all-day items, Dennys offers a selection of lunch and dinner items, including burgers, sandwiches, salads and skillet entrees, along with an assortment of beverages, appetizers and desserts.

Denny’s Website

https://www.dennys.com/

Corporate Office Location

203 E. Main St – Spartanburg, SC

Fast Facts

Originally opened as a coffee shop under the name Danny’s Donuts, Denny’s is now known for always being open and serving breakfast, lunch, and dinner around the clock. Denny’s does not close on holidays and nights, except where required by law.

Stock Price
Tenant News
Average Cap Rate Trend
5.75%
2019
6.0%
2020
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Not Exact Figures*)
Average Sale Data & Lease Structure
Avg. Sale Price$2,450,000
Avg. Annual Rental Income$155,000
Avg. Price/SF$500/SF
Typical Lease TypeTriple Net
Typical Lease Term20 Years
Typical Lease Escalations10% Every 5 Years
Credit Rating
S & PN/A

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