Denny's

BUFFALO is a vibrant city on the eastern shore of Lake Erie and the second-largest metropolitan area in New York, with a population of over 1.15 million in the greater Buffalo-Niagara region. Known for its rich history, architectural beauty, and cultural diversity, Buffalo has evolved into a dynamic hub for innovation, education, and healthcare.PROPERTY HIGHLIGHTS Lee & Associates is is pleased to offer this single-tenant Denny's property located at 2215 Delaware Avenue in Buffalo, New York 14216 (the "Property"). The asset is secured by a long-term, 20-year absolute triple net (NNN) lease with TL Restaurants, Inc., a Denny's franchisee, providing investors with stable, predictable, fully passive income backed by one of America's most enduring and recognized full-service restaurant brands. With all taxes, insurance, maintenance, and operating expenses contractually assigned to the tenant, and an express prohibition on tenant termination even upon landlord default, the Property offers an exceptional landlord favorable covenant and a premier passive investment opportunity in one of North Buffalo's most established retail corridors. Denny's is one of America's most iconic restaurant brands, founded in 1953 and operating 1,499+ locations across all 50 states and 13 countries as of year-end 2024. The brand's enduring relevance is underscored by its January 2026 take private acquisition at a $620 million enterprise value — a significant institutional validation of the brand's long-term viability. The Property operates as a 24-hour location, serving Buffalo's dense North Side residential and commercial population around the clock and generating consistent customer traffic across all dayparts. The lease includes a percentage rent provision requiring the tenant to pay 4% of annual gross sales exceeding the base rent threshold, offering investors potential upside income above and beyond the scheduled base rent. ***CONTACT LISTING BROKERS FOR MORE INFORMATION***