For Sale
$3,050,000

3720 Tracy BlvdTracy, CA 95304

High-Yield NNN Lease Investment

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple ownership of a 4,625 square foot Denny's restaurant located at 3720 N Tracy Blvd, Tracy, CA 95304. The property boasts a strong 5.25% cap rate, generating a current NOI of $160,000 annually. Secured by a long-term, absolute NNN lease with a nationally recognized franchisee, the lease extends until December 12, 2037, offering 13.1 years of remaining term. Rent increases are built in, with a scheduled jump to $176,000 annually on January 1, 2029. The property sits on a substantial 26,136 square foot lot and includes two-five year lease options. Built in 1982, this single-story building is zoned for restaurant use and enjoys 100% occupancy. This is a rare chance to acquire a stable, high-performing asset in a desirable location. The asking price is $3,050,000. The property's APN is 212-250-030-000. This is a sale for leaseback transaction.

Highlights

  • $3,050,000 Asking Price for a Denny's Restaurant in Tracy, CA.
  • Absolute NNN Net Lease with a strong franchisee tenant.
  • 13.1 years remaining on the lease, expiring 12/12/2037, with 2-5 year renewal options.
  • 4,625 square foot building on a 26,136 square foot lot.
  • 5.25% Cap Rate with a current NOI of $160,000, increasing to $176,000 annually on 1/1/29.

Property Details for 3720 Tracy Blvd

Property type
Retail properties, Restaurants
Square Feet
4,625 SF
Year Built
1982
Buildings
1
Stories
1
Units
1

Location Insight

City
Tracy
County
San Joaquin
State
California
Latitude
37.763368101962
Longitude
-121.43501574413
3720 Tracy Blvd, Tracy, California

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3720 Tracy Blvd
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