1851 E Florence Blvd - Restaurant FOR SALE


Casa Grande, AZ 85122
$2,597,000 USD
602-206-0784
1851 E Florence Blvd, Casa Grande, AZ for Sale
$2,597,000 USD
Restaurant - FOR SALE
1/5
null | 6.15% Cap Rate

1851 E Florence Blvd
Casa Grande, AZ 85122


OVERVIEW

- Single-tenant Denny’s investment opportunity featuring an absolute triple-net (NNN) lease with ±9.75 years remaining and 10% rental increases every 5 years. - Founded in 1953 and nicknamed “America’s Diner”, Denny’s currently operates ±1,499 restaurants across the United States and 15 foreign countries (Source: Denny's). - Feast American Diners, the franchisee, operates ±24 Denny’s locations. The parent company of Feast American Diners, Beshay Enterprises, operates more than 200 restaurants under Denny’s, Jack in the Box, Popeye’s, and Corner Bakery Café (Source: Restaurant Finance). - David Beshay, founder of Feast American Diners, is a Board Member of the Denny’s Franchisee Association. - This property has operated as a Denny’s since the late 1980’s and is a staple in the community. - There is a brand-new ±20,442-square-foot ALDI grocery store under construction directly east the Property (Source: Pinal Central). - Sun Life Family Health Center, a ±112,402-square-foot medical center expected to add 150-200 new jobs, is under construction directly west of the Property (Source: Pinal Central). - Bungalows on Florence, a luxury build-to-rent community with ±191 units, is located directly southwest of the Property (Source: azbex.com). - The Property is directly across the street from Banner Casa Grande Medical Center (±141 beds) and just down the street from Walmart Supercenter, Home Depot, Lowe’s Home Improvement, Fry’s (Kroger), and many more national and regional retailers.

FOR SALE DETAILS

PRICE

$2,597,000 USD

PRICE/SF

$696 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Denny's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

PAD, Casa Grande

APN/PARCEL ID

505-53-001B,505-53-001D

ASK ABOUT THIS PROPERTY

Ben FarthingCBREMore Info
602-206-0784

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Ben FarthingCBREMore Info
602-206-0784

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