Single-Tenant Absolute NNN
For Sale
Contact for pricing
3628 E Franklin Boulevard, Gastonia, NC 28056
Single-tenant Denny's with an absolute NNN lease featuring scheduled 7% rent increases every five years.
Property SizeContact for details
Days on Market125
Property Features for 3628 E Franklin Boulevard
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Traffic Count
19,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Matthew Mousavi · License #CA 01732226
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 4:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
A single-tenant Denny's is offered as an absolute NNN leased property. The tenant, RJC, LLC, recently signed a new 20-year lease with four 5-year options to extend. The site is an established restaurant location and was previously occupied by Applebee's for more than 10 years. The building has been newly remodeled to Denny's specifications at the tenant’s sole cost and expense, and the lease includes unique 7% rental increases every five years during the initial term and at the beginning of each option period.
The property is located along E. Franklin Boulevard, with reported traffic of 19,000 vehicles per day, and near the on/off ramps to Interstate 85, with reported traffic of 84,000 VPD. It is an outparcel to Franklin Square III shopping center, anchored by Kohl's, Gander Outdoors, PeCmart, and Regal Cinemas. The area also includes a 24-hour Walmart Supercenter and Sam’s Club, as well as retailers such as Lowe's, The Home Depot, Ross, Best Buy, Michaels, Dollar Tree, and Dick's Sporting Goods.
CaroMont Regional Medical Center, a 435-bed hospital, is located just north of the property, and Eastridge Mall is approximately 3 miles to the west. The 5-mile trade area is supported by a population of 106,000 residents with an average household income of $67,000.
The property is located along E. Franklin Boulevard, with reported traffic of 19,000 vehicles per day, and near the on/off ramps to Interstate 85, with reported traffic of 84,000 VPD. It is an outparcel to Franklin Square III shopping center, anchored by Kohl's, Gander Outdoors, PeCmart, and Regal Cinemas. The area also includes a 24-hour Walmart Supercenter and Sam’s Club, as well as retailers such as Lowe's, The Home Depot, Ross, Best Buy, Michaels, Dollar Tree, and Dick's Sporting Goods.
CaroMont Regional Medical Center, a 435-bed hospital, is located just north of the property, and Eastridge Mall is approximately 3 miles to the west. The 5-mile trade area is supported by a population of 106,000 residents with an average household income of $67,000.
Key Highlights
- Single‑tenant Denny's in Gastonia, NC, on an absolute NNN lease (tenant: RJC, LLC).
- Tenant recently signed a new 20‑year lease with 4 (5‑year) options to extend.
- Scheduled 7% rental increases every 5 years throughout the initial term and at each option start.
Property Analytics
Property Profile
Current Use
Lease Details
19,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
473
Businesses Nearby
728k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Superstores 33%
Apparel 11%
Home Improvements & Furnishings 7%
Walmart
Superstores
124,523 visits/mo
0.3 miles
Sam's Club
Superstores
117,878 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
37,415 visits/mo
0.4 miles
McDonald's
Dining
36,694 visits/mo
0.1 miles
Bubba's 33
Dining
36,545 visits/mo
0.1 miles
Demographics for 28056, NC
34,332
Population
14,415
Households
2.4
Avg Household Size
42
Median Age
33%
College-Educated
90%
High-School Grad
48.3 sq mi
ZIP Area
711
Density / Sq Mi
$90,422
Median Household Income
$48,531
Median Earnings
$1,097
Median Rent
$283,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Single-tenant Denny's with an absolute NNN lease featuring scheduled 7% rent increases every five years.
Where is this conventional restaurant located?
The property is located at 3628 E Franklin Boulevard Gastonia, NC.
What are key features of this property?
This property features: Single‑tenant Denny's in Gastonia, NC, on an absolute NNN lease (tenant: RJC, LLC).; Tenant recently signed a new 20‑year lease with 4 (5‑year) options to extend.; Scheduled 7% rental increases every 5 years throughout the initial term and at each option start.
