Denny’s

Interested in selling your Denny’s NNN property or Denny’s lease property and was wondering what you can get for it in today’s changing market?

Contact us for a complimentary broker opinion of value for your off-market Denny’s NNN property for sale or Denny’s ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the necessary clarity to make informed decisions regarding the sale of your Denny’s NNN property or the inclusion of a Denny’s ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market Denny’s properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.

Number of locations

As of January 2023, Denny’s has over 1,700 restaurants in 11 countries. Of these, over 1,500 are located in the United States.

Revenue and income

In 2022, Denny’s total revenue was $2.3 billion. Net income was $97 million.

Future plans

Denny’s plans to continue expanding its global footprint. In 2023, the company plans to open over 100 new restaurants worldwide. Denny’s also invests in new technologies like self-ordering kiosks and mobile payments.

Corporate vs. franchise 

About 80% of Denny’s restaurants are franchised. The remaining 20% are corporate-owned. The standard franchise fee amounts to $45,000, accompanied by a 5% royalty fee calculated based on gross sales.

Additional information Denny’s Properties

In 1953, Denny’s establishment took place in Lakewood, California.
The company’s name refers to the first restaurant being open 24 hours a day, seven days a week.
Denny’s is a casual restaurant chain known for its breakfast dishes, such as the Grand Slam and the Moons Over My Hammy.
Denny’s is a subsidiary of AdvantEdge Restaurant Group, Inc.

Denny’s History

Denny’s traces back to 1953 when Harold Butler and Richard Jezak opened a coffee shop in Lakewood, California. The restaurant was initially called Danny’s Donuts but was renamed Denny’s in 1959. Denny’s quickly became a popular breakfast destination, expanding rapidly throughout the United States in the 1960s and 1970s. The company adopted the franchise model in 1969, which helped it to grow even faster. Today, Denny’s has over 1,700 restaurants in 11 countries.

Why Invest in Ground Lease and NNN Lease of Denny’s?

Investing in Denny’s ground lease and triple net (NNN) lease properties offer compelling reasons:

1) Denny’s NNN Property Investment: Stable income

Denny’s is a well-established brand with a strong market presence. The company has maintained its operations for more than six decades, fostering a dedicated clientele. This provides reliable income streams for investors.

2) Denny’s NNN Property Investment: Established tenant

Denny’s is a financially sound company with a good record of paying its rent. This reduces the risk of vacancy or lease default.

3) Denny’s NNN Property Investment: Low management responsibility

In ground and NNN leases, the tenant manages property maintenance and expenses, minimizing the landlord’s management obligations.

4) Denny’s NNN Property Investment: Favorable lease terms

Denny’s typically offers long lease terms with built-in rent escalations. This provides predictable income and potential rental growth.

5) Denny’s NNN Property Investment: Real estate value

Denny’s restaurants are typically located in high-traffic areas. This can increase property value, offering potential capital appreciation.

Pros and Cons of Denny’s Ground Lease and NNN Lease Investment

Pros:

1. Stable income from a well-established brand.
2. Established tenant reduces vacancy and lease default risks.
3. Minimal management responsibility for landlords.
4. Long lease terms provide stability and potential income growth.

Cons:

1. Lease renewal risk when the term expires.
2. Dependency on Denny’s success and operational challenges.
3. Market saturation and competition affect profitability.
4. Limited control over property decisions.
5. Economic and market risks inherent in real estate investments.

Thorough due diligence and consideration of location, lease terms, tenant strength, and investment strategy are essential. Seek guidance from real estate professionals and financial advisors to align with your goals and risk tolerance.

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