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NNN Dennys Restaurant

7135 NC-4 Battleboro NC 27809

Single Tenant Net Leased (NNN)

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NNN Dennys Restaurant

7135 NC-4 Battleboro NC 27809

This freestanding NNN Denny’s Restaurant is ideally located just off of Interstate 95 in the Rocky Mount North Carolina area approximately 1 hour North of Raleigh. It is next door to a Baymont by Wyndham hotel providing 24 hour dining to many of Baymont’s guests. The property is also within walking distance from 5 other motels. The site also serves as a dining and rest area for commercial truck operators traveling through Interstate 95. The parking lot can accommodate up to 14 tractor trailers. The building was constructed in 1992 and is operated by RJC, LLC. RJC is based out of Livermore, California and operates a total of 34 Denny’s franchised restaurants. The majority of those restaurants are located in North Carolina. The lease is pure NNN with no landlord responsibilities and provides for rent escalations approximately every 5 years. A new exit ramp is being constructed off of I-95 which will allow a better connection to NC-4 and direct more traffic towards this Denny’s and the surrounding businesses. The surrounding area is home to over 12,000 residents with average household incomes of approximately $81,575. Approximately 6,500 cars pass the site daily. This particular this Denny’s is located 6 miles from North Carolina Wesleyan University and one of Pfizer Pharmaceuticals main manufacturing and distribution facilities.

Property Name:NNN Dennys Restaurant
Property Address:7135 NC-4 Battleboro NC 27809
List Price:1275000

TenantDennys
Tenancy TypeSingle
Property ClassRestaurant
Cap Rate6.47
Lease TypeNNN
Remaining Lease Term5
Lease Renewal Options(2) 5 Year w/ 6 mos. notice
NOI$82,500
Rent Escalations7.5% in Year 6 and Options
Landlord ResponsibilityNone
Tenant Responsibility Taxes; CAM; Insurance; Maintenance; Roof; Structure; All other property expenses.
Building SQF3,926 SF
Land Size1.22 Acres
Traffic Count6,492
Median Income81,675
ZoningGeneral Business