PHOENIX, ARIZONA – NAI Horizon negotiated a long-term, build-to-suit lease for a Denny’s restaurant on Baseline Road and 51st Avenue, east of The Shoppes at Rogers Ranch in Phoenix.
The NAI Horizon retail properties team of Senior Vice Presidents Chris Gerow, Shelby Tworek, Gabe Ortega and Associate Patrick Anthon represented the tenant, DFK Holdings, LLC, and SAS Restaurants of Phoenix, in the lease totaling $3.712 million.
“This is a strategic location for Denny’s, as we have been searching in the area for quite some time,” Gerow said.
The new building, which totals 4,500-square-feet, is across the street from Laveen Village Marketplace, which is anchored by The Home Depot and a Fry’s supermarket. Other tenants in the area include; Safeway, Dollar Tree, Petco, Verizon, Pizza Hut and Leslie’s.
The landlord is SimonCRE BMM II, LLC, of Scottsdale.