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INVESTMENT HIGHLIGHTS
Long Lease Term - Tenant has approximately 13 years remaining of a 20 year lease.
Prime Retail Corridor - Denny's is surrounded by major retailers such as Chick-fil-A, Walmart, Big Lots, Office Max, Olive Garden, Whataburger, Ross, PetSmart, Old Navy, and Home Depot.
Committed Tenant - Tenant is in the process of completing an approximate $250,000 property upgrade (new roof, HVAC, bathrooms, flooring, fixtures, etc.) demonstrating a long-term commitment to the location.
Surrounding National Brand Hotels - There are 7 national brand hotels (including Holiday Inn Express and La Quinta) within a 1-mile radius of the property which are ideal for the Denny’s demographic.
Absolute NNN Lease with Annual Rent Increases - Lease contains 7.5% rental increases every 5 years including options. Tenant is responsible for all expenses, including roof, structure, insurance, and common area maintenance.
Abilene MSA - Abilene is a growing MSA which is home to many businesses and colleges.
Strong Guaranty - Denny's lease is backed by one of the largest operators in the Denny's system as well as a personal guaranty from the franchisee.
Heavy Traffic - Highway 84 runs directly in front of this property making it visible to the almost 60,000 vehicles that travel by daily.
