Retail    

Denny's

 Belleville, IL

Asking Price

$1,536,000

Cap Rate

6.25%

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Expenses

Abs NNN

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Avg HHI

$88K (5-Mi)

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Population

102K (5-Mi)

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Rental Increases

10% (Every 5 Yrs)

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • New 15-Yr Absolute NNN Lease Commencing at the Close of Escrow
  • Above Average Unit Volume Sales for 2022 (Contact Broker)
  • 10% Rental Increases Every 5 Years
  • Sustainable Rent-to-Sales Below 6%
  • Multi-Unit Operator of Denny’s & Starbucks 
  • Established Location with 45+ Years of Operating History
  • Population Counts Exceed 102K in a 5-Mile Radius
  • Average Household Income of $88K in a 5-Mile Radius
  • Pylon Signage Visible to Nearly 46K Vehicles per Day
  • Less than 30 Miles from St. Louis Lambert International Airport

Exclusively Listed By

Chris Lomuto

Associate Vice President
  clomuto@northmarq.com      +1 415.610.5230
BRE #01962410

Milo Spector

Senior Vice President
  mspector@northmarq.com      +1 415.610.8970
BRE #01959211

Matt Lipson

Associate Vice President

OR Lic. #201225340

Stephen Hasbrook

Investment Sales Analyst
  shasbrook@northmarq.com      +1 925.412.3467
BRE #02082677

In Association With
Bradley J. Feller

IL Lic. #471007951

Northmarq

2121 N California Blvd, Suite 290
Walnut Creek, CA 94596


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