126 Troy Rd - Restaurant FOR SALE


East Greenbush, NY 12061
$2,695,254 USD
858-344-1915
126 Troy Rd, East Greenbush, NY for Sale
$2,695,254 USD
Restaurant - FOR SALE
1/4
null | 6.5% Cap Rate

126 Troy Rd
East Greenbush, NY 12061


HIGHLIGHTS

  • CROSSROADS OF TWO INTERSTATES | NEXT DOOR TO LARGEST TRAFFIC DRIVERS IN EAST GREENBUSH
  • EXPANDING PHARMA PLANT AND FEDEX FACILITY NEARBY
  • NEIGHBORHOOD OF TOP PERFORMING RETAILERS
  • 28-YEAR HISTORY AND RECENT REMODEL | ADDITIONAL INCOME INCLUDED
  • STRONG RENT-TO-SALES RATIO
  • BRAND NEW 20-YEAR ABSOLUTE NNN LEASE WITH 10% RENT INCREASES EVERY 5 YEARS

OVERVIEW

The Northmarq National Restaurant Group is pleased to offer this single-tenant Denny's located at 126 Troy Rd, East Greenbush, NY 12061. The property is secured by an absolute NNN lease with a fresh 20-year term and 10% renewal options every 5 years. This location has operated as a top-performing Denny's since 1998 and offers a strong 5.5% rent-to-sales ratio. The property is located along US Route 4 (22,247 VPD), and offers visibility from I-90 (76,592 VPD) via prominent signage. The property is poised to benefit from the 300K SF FedEx distribution center five minutes away, as well as, the expanding Regeneron Pharmaceuticals offices two miles away. The site benefits from many other traffic drivers including Evergreen Commons Rehab Center, two major hotels, and Columbia High School (1,192+ students). The property includes additional income from sign rental from a neighboring hotel. In addition, it is located near high-performing retailers, creating synergy for casual dining establishments such as this. With its long-term absolute NNN lease, strong sales, and surrounding traffic drivers, this offering provides investors with a compelling blend of stability and long-term value.

FOR SALE DETAILS

PRICE

$2,695,254 USD

PRICE/SF

$584 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Denny's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

140

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

67,954 SF

ZONING

05

APN/PARCEL ID

2400-155-7-1.2

ASK ABOUT THIS PROPERTY

Maggie BradyNorthmarqMore Info
858-344-1915

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Maggie BradyNorthmarqMore Info
858-344-1915

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.