Denny’s Restaurant

Denny’s Corporation, through its subsidiary, Denny’s, Inc., owns and operates full-service restaurant chains under the Denny’s brand. As of December 28, 2016, it operated 1,733 franchised, licensed, and company operated restaurants in the United States, Canada, Puerto Rico, New Zealand, Mexico, Costa Rica, Dominican Republic, Honduras, Guam, the United Arab Emirates, Curacao N.V., El Salvador, the Philippines, and Trinidad. The company was formerly known as Advantica Restaurant Group, Inc. and changed its name to Dennys Corporation in 2002. The company was founded in 1953 and is headquartered in Spartanburg, South Carolina.

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S&P Rating: N/R
Moody Rating: N/R

Typical Lease Characteristics

Lease Term: 15 – 20 Years  Years

Lease Type: Absolute NNN Lease 

Lease Increases: 10% Every 5 years 

Lease Extensions: 4-5 (5) Year Options

Lease Guarantor: Corporate and Franchise


  • Publically Traded Company
  • Strong brand recognition
  • Typically Long term leases with increases


  • Consumers are showing a growing interest in healthy fast food.
  • Competitive Industry Sector
  • Susceptible to economic trends and pressures

Market Snapshots:

On Market Ranges:

# of Properties in set: 10

Price: $2,094,640 - $2,744,710Average: $2,407,637

PPSF: $450 - $600Average: $523

Year Built: 1965 - 2018Average: 1995

CAP Rate Range: 5.27% - 6.59%Average: 5.73%

Size range: 3,407 sq ft - 5,955 sq ft Average: 4,623 sq ft

Last 12 Month Range:

# of Properties in set: 16

Price: $1,898,720 - $2,118,570Average: $1,998,649

PPSF: $395 - $503Average: $449

Year Built: 1975 - 1998Average: 1986

CAP Rate Range: 5.34% - 6.09%Average: 5.80%

Size range: 726 sq ft - 6,613 sq ft Average: 4,489 sq ft

Denny’s Restaurant Company Profile

Headquarters Information

Spartanburg, South Carolina

Founded in 1953

Company type: Public

Stock Ticker: DENN

Sector: Services

Industry: Restaurants

# of Employees: 8,700

S&P Rating: N/R
S&P Rating: N/R

Denny’s Restaurant Stock Keys

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