![Denny's](img/tenants/denny-s.jpg)
Lowest Cap Rate
3.75%
Lowest Cap Rate over past 24 months
Average Cap Rate
6.32%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
6.25%
Average Cap Rate over previous quarter
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
6.57
6.44
6.43
5.94
6.64
4.98
*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
Roseville, MN6.44%
Foothill Ranch, CA5.81%
Merritt Island, FL6.50%
Top Consumer Traffic
Barstow, CA633,500
San Antonio, TX612,000
Houston, TX481,800
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data