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600 Trosper Rd SW Tumwater Tumwater, WA 98512

For Sale
$4,290,000

Denny's restaurant in Tumwater, WA with a new 20-year lease.

Property Features for 600 Trosper Rd SW Tumwater

General Information

Standard status
Active

Building Details

Year built
1976

Source: MARCUS & MILLICHAP, INC. Agent CLAYTON BROWN

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

High-Performing Denny's Restaurant For Sale

A high-performing Denny’s restaurant in Tumwater, WA, is available for sale. The property is secured by a brand-new 20-year Absolute Net Lease, to be executed at closing. The lease provides long-term, passive cash flow with no landlord responsibilities, and includes 10% rent increases every five years throughout the initial term and option periods. The restaurant is operated by The Keshap Group, a multi-brand operator with over 25 years of experience. This group operates 35 Denny’s restaurants across six states, 19 Papa John’s in Washington state, a Dave’s Hot Chicken restaurant with more in development, and soon the first Gong Cha in the Pacific Northwest. The lease will be operated and guaranteed by Awashington, LLC, which operates 16 Denny’s locations in Washington state generating annual sales exceeding $25 million. The location is ranked in the top 12% of all locations.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Breakfast & diners

Suggested Use

Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Tumwater
County
Thurston
State
Washington
Longitude
-122.9145874
Latitude
47.0006162

FAQs

What type of property is this?
Breakfast & diner - Denny's restaurant in Tumwater, WA with a new 20-year lease.
Where is this breakfast & diner located?
The property is located at 600 Trosper Rd SW Tumwater Tumwater, WA.
What is the asking price?
The asking price for this property is $4,290,000.
What are key features of this property?
This property features: - Brand-new 20-year Absolute Net Lease offers long-term, passive cash flow.; - Enjoy zero landlord responsibilities under the Absolute Net Lease.; - Lease guaranteed by Awashington, LLC, operating 16 Denny’s locations in Washington with $25M+ annual sales.
More about this property
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