Single-Tenant Absolute NNN
3628 E Franklin Boulevard Gastonia, NC 28056
3628 E Franklin Boulevard, Gastonia, NC, 28056
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For Sale
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Single-tenant Denny's with an absolute NNN lease featuring scheduled 7% rent increases every five years.
Days on Market103
Property Features for 3628 E Franklin Boulevard
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing agency
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed by
Matthew Mousavi · License #CA 01732226
Source
Crexi
Added: Apr 10 Updated: Jul 21 at 4:47PM 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
Location Intelligence
Current Use by Public Records
Juicy crab
Restaurant
The Juicy Crab Gastonia
Restaurant
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FAQs
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.
