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Denny's | 9+ Yrs NNN | 110-Unit Guarantor 430 Clayton Rd

4,051 SF Retail Building Raton, NM 87740 £1,320,391 (£326/SF) 6% Net Initial Yield

Investment Highlights

  • Passive investment | Absolute NNN lease | Zero Landlord responsibilities
  • Healthy rent | Tenant operated at a 7% rent-to-sales ration in 2023 | Speak with Agent for details
  • Parent company is WKS Restaurant Group, operators of 374+ restaurants across 19 states
  • Strong store sales | Sales have increased each of the past two years, including a 10%+ increase in 2023 | Speak with Agent for details
  • Strong guarantor | Lease is backed by Sunrise Restaurants, LLC, the largest Denny’s franchisee in the system with 110 units
  • Asset is being offered near or below replacement cost

Executive Summary

• Long-term lease | There are ±9 years remaining on the base lease term
• Passive investment | Absolute NNN lease | Zero Landlord responsibilities
• Strong store sales | Sales have increased each of the past two years, including a 10%+ increase in 2023 | Speak with Agent for details
• Healthy rent | Tenant operated at a 7% rent-to-sales ration in 2023 | Speak with Agent for details
• Rare percentage rent clause | Tenant pays a 7% override on sales above $1,305,953 (Tenant hit the threshold in 2023) | Speak with Agent
for details
• Strong guarantor | Lease is backed by Sunrise Restaurants, LLC, the largest Denny’s franchisee in the system with 110 units:
– Parent company is WKS Restaurant Group, operators of 374+ restaurants across 19 states | Brands include Denny’s, Wendy’s, Blaze Pizza, El Pollo Loco, and Krispy Kreme | See page 12 for more info
• Low rent & price point for a Denny’s asset
• Asset is being offered near or below replacement cost
• Excellent access and visibility from U.S. Highway 64 aka Clayton Road
• Site is walking distance to:
– I-25
– Raton High School | 225 students
– 10+ hotels/inns
• Less than 2 miles from Miners’ Colfax Medical Center | 25-bed, acute care hospital

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,051 SF
Building Class
C
Year Built
1998
Price
£1,320,391
Price Per SF
£326
Net Initial Yield
6%
NOI
£79,231
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Land Acres
0.95 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
70 Spaces (17.28 Spaces per 1,000 SF Leased)
Frontage
128 ft on Clayton Road

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1135185424021
Land Assessment
£43,534
Improvements Assessment
£302,021
Total Assessment
£345,555
  • Listing ID: 32003014

  • Date on Market: 03/06/2024

  • Last Updated:

  • Address: 430 Clayton Rd, Raton, NM 87740

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