1535 E South St - Fast Food FOR SALE


Globe, AZ 85501
$1,757,000 USD
818-632-0233
1535 E South St, Globe, AZ for Sale
$1,757,000 USD
Fast Food - FOR SALE
1/9
null | 6% Cap Rate

1535 E South St
Globe, AZ 85501


HIGHLIGHTS

  • Approximately 13 Year Term with a 305+ Unit Operator | Healthy Rent-to-Sales | Modern Denny’s Prototype
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Prime Location in the Heart of Globe | High-Traffic Corridor
  • Proximity to City’s Largest Mixed-Use Development
  • Strong Demographics In 5-mile Trade Area

OVERVIEW

SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Denny’s investment property located in Globe, Arizona. The tenant, Feast Restaurants, has 13 years remaining on the lease with four (5-year) options to extend, demonstrating long-term commitment to the site. The lease includes 10% rental increases every five years throughout the initial term and at the beginning of each option period, providing steadily growing net operating income and a strong hedge against inflation. The lease is absolute NNN with zero landlord responsibilities, offering an ideal, management-free investment opportunity for passive or out-of-state investors.

FOR SALE DETAILS

PRICE

$1,757,000 USD

PRICE/SF

$420 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Denny's | 13-Yr NNN | 305+ Unit Operator

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

-

APN/PARCEL ID

205-15-045A

ASK ABOUT THIS PROPERTY

Aron ClineSRS National Net LeaseMore Info
818-632-0233

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Aron ClineSRS National Net LeaseMore Info
818-632-0233

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