585 N 2nd E - Restaurant FOR SALE


Rexburg, ID 83440
$1,845,000 USD
206-826-5787
585 N 2nd E, Rexburg, ID for Sale
$1,845,000 USD
Restaurant - FOR SALE
1/3
null | 6.5% Cap Rate

585 N 2nd E
Rexburg, ID 83440


HIGHLIGHTS

  • SHADOW ANCHORED BY #3 RANKED C-A-L RANCH STORE NATIONALLY AND HIGH-TRAFFIC ALBERTSONS
  • EXPERIENCED FRANCHISEE AND MULTI-BRAND OPERATOR
  • STRATEGIC LOCATION NEAR MANUFACTURING AND ENTERTAINMENT
  • HIGH VISIBILITY LOCATION AND WITH EASY INGRESS/EGRESS

OVERVIEW

Marcus & Millichap’s Brown Retail Group has been selected to exclusively market for sale a newly constructed Denny’s restaurant in Rexburg, ID featuring a 17+ year absolute net lease with two 10-year options to extend. The lease offers secure, long-term cash flow with zero landlord responsibilities, providing investors true passive income. The lease includes 10% rent increases every 10 years during the initial term and option periods, delivering inflation protection and growing returns over time. The property is operated by a seasoned Denny’s franchisee with over 25 years of experience and a portfolio of 24 Denny’s, 15 Papa John’s, and multiple Dave’s Hot Chicken locations across six states, ensuring strong operational performance. Built in 2023, the building reflects Denny’s latest design standards and technology upgrades, supporting brand visibility and operational efficiency. Strategically located across from a high-traffic shopping center anchored by the #3 ranked C-A-L Ranch store nationally and a busy Albertsons with over 649,000 annual visits, per Placer.ai, the site benefits from consistent traffic and visibility. Surrounding national retailers include Walmart, Hobby Lobby, Harbor Freight, AutoZone, McDonald’s, Arby’s, and Dairy Queen, reinforcing the property’s position in a dynamic trade area. Situated on N 2nd E with visibility to nearly 20,000 VPD, the property offers prominent signage and easy ingress/egress, including a protected center turn lane. The location is further supported by nearby employers and entertainment venues such as Basic American Foods, Rexburg Rapids, and Fat Cats Rexburg, driving steady customer flow. Serving a population of over 50,700 residents within a five-mile radius, with average household incomes exceeding $75,000 and a student base of 20,000+ from BYU-Idaho, the property is ideally positioned for casual dining success.

FOR SALE DETAILS

PRICE

$1,845,000 USD

PRICE/SF

$418 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

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

CBC

APN/PARCEL ID

RPR4ETA0010080

ASK ABOUT THIS PROPERTY

Clayton BrownMarcus & MillichapMore Info
206-826-5787

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Clayton BrownMarcus & MillichapMore Info
206-826-5787

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