Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of the Denny’s in Brooklyn Circle, Minnesota.
Dustin Alvino, First Vice President of Investments at Marcus & Millichap’s Las Vegas office represented the buyer in this transaction. The asset resides at 6405 North James Circle and offers a brand new 15-year lease. The 5,250 square foot absolute net lease restaurant is located in a densely populated area with over 302,0000 people within a 5-mile radius. It is also located near eight hotels with a ninth under construction.
For more information regarding the sale of the Denny’s or if you have any other questions relating to net lease investments, please do not hesitate to reach out to The Alvino Group.
Dustin R. Alvino | (702) 215-7120