Denny’s | 20-Year Abs Net Sale-Leaseback | Adjacent… — Sale in Tacoma, WA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Tacoma, WA 98444

Photos

Denny’s | 20-Year Abs Net Sale-Leaseback | Adjacent… — Sale in Tacoma, WA, photo 1 of 2
Denny’s | 20-Year Abs Net Sale-Leaseback | Adjacent… — Sale in Tacoma, WA, photo 2 of 2

Investment Figures

Cap rate
6.25%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap has been selected to exclusively market for sale a high-performing Denny's in Tacoma, WA, secured by a brand-new 20-year absolute net lease to be executed at closing. The lease offers long-term, passive cash flow, zero landlord responsibilities, 10% rent escalations every five years, and a guarantee from Awashington, LLC (16 WA locations, $30M+ in annual sales). The restaurant is operated by The Keshap Group — a multi-brand franchisee with 25+ years of experience, 40 Denny's, 20 Papa John's, and four Dave's Hot Chicken restaurants. This Denny's ranks in the top 22% of all restaurants in Washington state (per Placer.ai). The property is strategically located directly off Interstate-5 (167,000+ VPD), offering excellent visibility, prominent signage, and convenient ingress and egress. It benefits from a strong hotel corridor with limited nearby competition, including Holiday Inn Express, Hampton Inn & Suites, Best Western Plus, and several other national brands driving steady customer traffic. The property was extensively renovated in 2022 to Denny's modern prototype standards. The site serves approximately 274,000 residents within 5 miles, with average household incomes exceeding $98,000, in income tax-free Washington state. Investment Highlights: • Brand New 20-Year Absolute Net Lease • High-Performing Location | Top 22% in Washington State • Strong Franchisee Guarantee and Experienced Multi-Brand Operator • 10% Rent Increases Every 5-Years • High-Visibility Location Adjacent to Interstate-5 (167,000+ VPD) • Strategic Hotel and Apartment Corridor Location with Limited Competition • Extensively Renovated in 2022 Reflecting Denny's Modern Prototype Design • Strong, Affluent Demographics

Market Context

This food service in Tacoma, WA is listed for sale. It is offered at an approximate 6.2% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in Tacoma, WA — view the full market.

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