A Real Estate Grand Slam For Denny’s

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According to the Washington Post:

Restaurant operator Denny’s Corp. on Tuesday said it agreed to sell 66 franchisee-operated restaurant properties to National Retail Properties Inc. for $67 million, in order to reduce debt and strengthen its balance sheet.
The company said that after the closing of this deal, it will have sold 80 properties this year for gross proceeds of about $81 million.
Denny’s shares were flat at $3.80 in morning trade on the Nasdaq.

About David Burn

Fired up to write it down. Co-founder and editor of AdPulp. Chief storyteller at Bonehook, a guide service and bait shop for brands.