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Denny's | 126 Troy Rd

126 Troy Rd, East Greenbush, NY 12061
Available Now
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FOR SALERetail / Restaurant
Cap Rate
6.5%
NOI
$175,191
Building Size
4,616SF
APN
2400-155-7-1.2
Lot Size
1.56Ac
Year Built
1956
Listing Contacts
Senior Vice President
View OM

More property details

Parking Info
140 Spaces (10 Spaces per 1000 SF Leased)
Year Renovated
2023
Tenancy
Single Tenant
Currently Leased
No
Sale Type
Investment Sale
Building FAR
0.07
Property Class
C
No of Buildings
1
No of Stories
1

Features & amenities

Location Amenities
Public Transportation
Airport
Metro/Subway
Commuter Rail
Unit Amenities
Air Conditioning
Natural Light
Onsite Parking

Location

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Denny's | 126 Troy Rd
About the location

The Northmarq National Restaurant Group presents a single-tenant Denny’s located at 126 Troy Road in East Greenbush, New York. The property is secured by an absolute NNN lease with a newly executed 20-year term and 10% rent increases at each five-year renewal option. This location has operated as a top-performing Denny’s since 1998 and maintains a strong rent-to-sales ratio of approximately 5.5%. The property is situated along US Route 4, which experiences about 22,247 vehicles per day, and benefits from additional visibility from Interstate 90, with approximately 76,592 vehicles per day, supported by prominent signage. The site is expected to benefit from nearby economic drivers, including a 300,000-square-foot FedEx distribution center located five minutes away and the expanding Regeneron Pharmaceuticals offices two miles from the property. Additional traffic generators in the area include Evergreen Commons Rehabilitation Center, two major hotels, and Columbia High School with more than 1,192 students. The property also receives supplemental income from sign rental to a neighboring hotel and is surrounded by strong national retailers that support casual dining traffic. With its long-term absolute NNN lease, solid sales performance, and multiple surrounding demand drivers, the asset offers investors a stable income stream and strong long-term investment potential.

Documents

FILE
OM.pdf
623 KB · Listing document
Denny's | 126 Troy Rd
4,616 SF · retail · United States · NY
View OM