Description

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.