Description

The Northmarq National Restaurant Group presents a single-tenant Denny’s located at 468 Louden Road in Saratoga Springs, New York. The property is secured by an absolute NNN lease with a newly executed 20-year term and 10 percent rent increases at each five-year renewal option. This location has operated as a top-performing Denny’s since 2002 and maintains a strong rent-to-sales ratio of approximately 5.8%. The property is strategically positioned along Louden Road, which transitions into NY-29 with traffic counts of about 31,772 vehicles per day and intersects with Interstate 87, which sees approximately 53,825 vehicles per day, less than a quarter mile from the site. Saratoga Springs benefits from an affluent local population with an average household income of approximately $128,000 within five miles and is expected to see further economic growth from Regeneron Pharmaceuticals’ $2 billion investment in the area. The city also attracts more than 1.2 million visitors annually to the Saratoga Race Course. Located within the densest retail trade area in Saratoga Springs, the property benefits from strong retail synergy that supports casual dining establishments. With its long-term absolute NNN lease, strong sales performance, and multiple surrounding demand drivers, the asset offers investors a stable income stream and strong long-term investment potential.