Lowest Cap Rate
4.81%
Lowest Cap Rate over past 24 months
Average Cap Rate
6.92%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
Low Transaction Volume
Contact for Details
Contact for Details
Average Cap Rate over previous quarter
Average Quarter Cap Rates calculated over prior full quarter, irrespective of term length
Overview
Denny’s is a restaurant chain with over 1,600 locations worldwide. Denny’s is known for their breakfast menu but also has a full lunch and dinner menu. In 2018, Denny’s also partnered with Amazon restaurant to help expand their delivery options for patrons. Denny’s usually offers a 20-year NNN lease, relieving landlords of responsibility. In addition to the long base term, Denny's offers rent escalations of 10% every 5 years. A 1-acre lot would be ideal for the average prototype building of 3,800-5,000 square feet.
Property & Lease
Sales Price Range$2,000,000 - $2,500,000
NOI Range$100,000 - $125,000
Building SF3,800 - 5,000
Lease Term20 Years
Escalations10% Every 5 Years
Stock SymbolNASDAQ:DENN
Credit Rating
S&PN/A
Moody'sN/A
Cap Rate By Region
Average regional cap rates calculated over past 24 months, irrespective of term length
6.57
6.38
7.22
5.90
6.64
5.21
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
- Financial Fundamentals
- Stock Analysis
Recent Sales Comps
Antioch, CA6.58%
Normal, IL9.38%
Evansville, IN8.00%
Top Consumer Traffic
San Antonio, TX572,300
Houston, TX444,500
Hollywood, CA423,400
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
