Lowest Cap Rate
4.20%
Lowest Cap Rate over past 24 months
Average Cap Rate
6.94%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
6.56%
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
Average regional cap rates calculated over past 24 months, irrespective of term length
6.57
6.12
6.99
5.88
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
Normal, IL9.38%
Evansville, IN8.00%
Orlando, FL5.17%
Top Consumer Traffic
Barstow, CA573,900
San Antonio, TX566,400
Houston, TX443,500
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
