60 NM-344, Edgewood, NM 87015

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Building Details:

60 NM-344 is located in Edgewood, NM.

1.1 Acre Walmart out-parcel on a hard corner ground leased to franchisee until 2044 with 3, 10 year options. Additional income from ATM lease until 2020 with 3, 5 year options.

In addition to $36,000/yr, base rent, Denny's pays 1.5% of annual gross sales over $1.6 MM. In the first 8 months of operations, gross sales exceeded base rate and owner received a small percentage rent payment for the partial year.

Franchisee operates over 100 Denny’s restaurants and 8 Del Taco locations. Franchisee operates locations in 11 states: Arizona, Colorado, Kentucky, Montana, New Mexico, Oklahoma, Oregon, South Dakota, Tennessee, Texas, and Utah and is the largest Denny’s franchisee in the world.

The property is located just off I-40. Edgewood’s trade area is over 100,000 people and this Denny’s location has above average sales volume.