Absolute NNN Restaurant
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2215 Delaware Ave, Buffalo, NY 14216
20-year absolute triple net lease with built-in annual escalations and investor-focused tenant protections at a Denny’s location in Buffalo.
Property Size5,118 SF
Price / SF$422.99
Days on Market66
Property Features for 2215 Delaware Ave
General Information
Standard status
Active
Size
5,118 SF
Property subtype
RETAIL
Building Details
Tenancy
Single
Listing Agency:
Northmarq | New York
(646) 841-0627
Listed By:
Jada Purchase
(952) 356-0100
Source:
Moodyscre
Added: May 26
Changed: Jul 29
Last Checked: Jul 30 at 8:27AM
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 Northmarq | New York
Investment Insights
Based on property information with market context.
This property is secured by a 20-year absolute triple net (NNN) lease. Under the lease structure, the tenant is responsible for tax, insurance, maintenance, and operating expenses. The lease includes built-in annual rent escalations of approximately 2% per year.
The agreement is designed to support long-term income stability, with approximately 16+ years remaining on the initial term as of early 2026. It is also structured as an absolute NNN lease with an express prohibition on tenant termination even upon landlord default, plus a no-termination clause that includes a waiver of any right to exit the lease upon landlord default. The lease further includes a 150% holdover penalty and a requirement that the tenant deliver annual audited financial statements.
In addition to base rent, the lease includes a percentage rent provision requiring the tenant to pay 4% of annual gross sales exceeding the base rent threshold. The lease is associated with a Denny’s operating history at the site and the brand’s broader presence across more than 1,499 locations nationwide.
The agreement is designed to support long-term income stability, with approximately 16+ years remaining on the initial term as of early 2026. It is also structured as an absolute NNN lease with an express prohibition on tenant termination even upon landlord default, plus a no-termination clause that includes a waiver of any right to exit the lease upon landlord default. The lease further includes a 150% holdover penalty and a requirement that the tenant deliver annual audited financial statements.
In addition to base rent, the lease includes a percentage rent provision requiring the tenant to pay 4% of annual gross sales exceeding the base rent threshold. The lease is associated with a Denny’s operating history at the site and the brand’s broader presence across more than 1,499 locations nationwide.
Key Highlights
- 20‑year absolute triple net (NNN) lease with tenant responsibility for taxes, insurance, maintenance, and operating expenses
- Built‑in annual rent escalations of approximately 2% per year
- Approximately 16+ years remaining on the initial term as of early 2026
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
983
Businesses Nearby
Explore this area
Business Placement
Demographics for 14216, NY
22,979
Population
12,773
Households
1.8
Avg Household Size
37
Median Age
54%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
8,207
Density / Sq Mi
$70,260
Median Household Income
$47,823
Median Earnings
$1,152
Median Rent
$260,700
Median Home Value
Market
Vacancy Rate% for Retail in Buffalo, NY
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Frequently Asked Questions
What type of property is this?
NNN property - 20-year absolute triple net lease with built-in annual escalations and investor-focused tenant protections at a Denny’s location in Buffalo.
Where is this nnn property located?
The property is located at 2215 Delaware Ave Buffalo, NY.
What is the asking price?
The asking price for this property is $2,164,864.
What are key features of this property?
This property features: 20‑year absolute triple net (NNN) lease with tenant responsibility for taxes, insurance, maintenance, and operating expenses; Built‑in annual rent escalations of approximately 2% per year; Approximately 16+ years remaining on the initial term as of early 2026
