808 S Memorial Dr - Restaurant FOR SALE


Greenville, NC 27834- Southwest Greenville
$2,420,000 USD
949-903-8099
808 S Memorial Dr, Greenville, NC for Sale
$2,420,000 USD
Restaurant - FOR SALE
1/9
null | 6.75% Cap Rate

808 S Memorial Dr
Greenville, NC 27834
Southwest Greenville


HIGHLIGHTS

  • Approximately 9 Years Remaining | Personal Guaranteed | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Greenville Square Center (251,000 SF) | Greenville Mall (491,000 SF) |ECU Health Medical Center (974 Beds) | Primary Retail Corridor
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease 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 Greenville, North Carolina. The tenant, RJC, LLC dba Denny’s has over 10 years remaining on the initial term with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,420,000 USD

PRICE/SF

$541 USD /SF

CAP RATE

6.75%

% 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

1992

SPRINKLERS

-

PARKING SPACES

53

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

MCH

APN/PARCEL ID

035467

ASK ABOUT THIS PROPERTY

Jake PraterSRS National Net LeaseMore Info
949-903-8099

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Jake PraterSRS National Net LeaseMore Info
949-903-8099

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