It is a 24-hour fast-food restaurant, located in one of the small towns in the north of New York state near the Ontario Lake.
The total area is 515 m².
The plot of 4,046 m².
The subject property is ideally located along a busy avenue with over 19,800 vehicles per day passing by.
The property is fully leased to a major company.
Absolute income is 138,580 $.
The current yield of 6,5%.
Tenant is Denny's, fast-food chain with more than half a century of a history.
Denny's has about 1,600 restaurants in the United States, and the annual income of the company exceeds $110 million.
The Triple Net Lease lease agreement is freshly signed this year until 2025 with rent rate indexation per 10% every 5 years.
All operating and repair costs are borne by the lessee.