RETAIL INVESTMENT GROUP, LLC 15 YEAR SALE LEASEBACK 11161 RESEARCH ROAD RICHMOND, VIRGINIA $1,650,000 CAP: 6.06% ACTUAL SITE CLICK TO VIEW DRONE VIDEO
INVESTMENT SUMMARY PRICE: $1,650,000 CAP: 6.06% PROPERTY INFORMATION INVESTMENT HIGHLIGHTS Address: CAP Rate: Lessee: Building Size: 11161 Research Road Richmond, VA 6.06% Denny s - www.dennys.com ±3,407 Square Feet Brand New 15 Year Absolute NNN Sale-Leaseback Excellent 10% Increases in Primary Term & Options 7% Rent to Sales Ratio 39 Unit Operator in Florida, Georgia, and Virginia Nearby Tenants Include: McDonald s, Target, Kohl s, Wawa, Hardee s and Hampton Inn 5 Minute Drive from ECPI University (11,831 Students) Land Area: Lease Expiration: ±16,553 Square Feet September 30, 2033 Excellent Frontage and Visibility Along Midlothian Turnpike (51,000+ VPD) Adjacent Parcel Available Individually or as a Package - Call Broker for Details Lease Options: 2 x 5 Year Options NOI: $100,000 Lease Type: Absolute NNN - Zero LL Responsibilites Increases: 10% Increase Every 5 Years Including Options Guarantee: RREMC Restaurants - rremcrestaurants.com Interest: Fee Simple - Land and Building Parcel: Chesterfield County - 7437086368 Year Built: 2010 The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no representation, guarantee or warranty about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, estimates, opinions use are for example only. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
SITE PHOTOGRAPHY PHOTOS TAKEN - MARCH 2018 SIGNAGE VISIBLE FROM MIDLOTHIAN TURNPIKE SUBJECT PROPERTY
ABOUT DENNY S Denny s is America s largest full service family-style restaurant chain (market share and number of units). The Denny s brand consists of over 1,600 restaurants, 553 of which were company-owned and operated and 1,050 of which were franchised/licensed restaurants. These Denny s restaurants are operated in 49 states, the District of Columbia, two U.S. territories and four foreign countries. Denny s restaurants are open 24 hours a day, 7 days a week. This always open operating platform is a distinct competitive advantage. Denny s provides high quality menu offerings, generous portions at reasonable prices with friendly and efficient service in a pleasant atmosphere.
RICHMOND VIRGINIA The Richmond region is a dynamic collaboration between the city of Richmond and four counties, Chesterfield, Hanover, Henrico and New Kent. This partnership illustrates the creative impulses that course through the region. In a few short minutes you can go from bustling downtown streets to rolling hills on farms or gorgeous trails in state parks, wineries or world-class shopping. With sports facilities, meeting space, restaurants, oh the restaurants, across the region, you re never far from something fun, and delicious, in the Richmond region. The city of Richmond combines big-city amenities with southern charm and ease. Traffic usually means it takes 10 minutes to get somewhere instead of five, which is good if you re trying to get to a reservation at a James Beard nominated restaurant, a gallery opening or a new exhibit at the Virginia Museum of Fine Arts. The city is home to easy parking, restaurants that win raves from local fans and national media and some of the best street art in the entire country. Shop at fun boutiques and vintage shops or stroll through Carytown, the city of Richmond is ready to impress.