INVESTMENT OFFERING

SAB Capital, on behalf of ownership, is pleased to exclusively offer the single tenant property located at 444 Quaker Lane, Unit 3, Warwick, RI with strong tenancy from a national tenant. The property totals 4,000 square feet of rentable area and is situated on 0.62 acres of land. It is 100% leased to Denny’s and operated by a local franchisor with ambitious growth potential within their industry. The tenant has recently completed a comprehensive renovation to the restaurant, underscoring a meaningful capital reinvestment and long-term commitment to the location. Denny’s, headquartered in Spartanburg, SC, has over 1,300 locations nationwide. Prominently located in the Warwick submarket, the facility is in a bustling retail corridor in close proximity to Providence and is central to large populations that generate significant traffic and frequently visit this location.

Denny’s recently executed a new NNN lease that expires in 2035, with two (2) five year extension options. The Denny’s lease provides strong rental increases every five years during the base and option terms. This lease structure delivers predictable and growing cash flow to investors, and requires no landlord obligations, creating a truly passive ownership structure. The Denny’s location operates as a full-service restaurant offering a broad menu of breakfast, lunch, dinner, and late-night dining options. This comprehensive service platform makes it a reliable and convenient dining hub for residents, travelers, and businesses throughout the greater Warwick and Providence metro area.

This offering represents a rare opportunity to acquire a long-term, passive net-leased restaurant investment in a strong New England retail corridor. Backed by a nationally recognized brand, a NNN lease structure, and contractual rent increases. This property delivers durable, inflation-resistant cash flow while preserving long-term intrinsic real estate value.

• Passive Income Ownership | The property is leased to Denny’s under a long-term NNN lease structure designed for low-management, predictable income, with the tenant responsible for taxes, insurance, and all building-level repairs and maintenance.
• Strong Unit Economics with Built-In Rent Growth | In-place NOI of $125,620 ($31.40/SF) with rent escalations, delivering embedded inflation protection and long-term income growth.
• Established, High-Visibility Location | Positioned along Quaker Lane with exposure to 26,562 VPD, and additional access from Cowesett Road (19,848 VPD), a proven retail corridor serving the greater Providence metro.
• Top-Tier Demographics | Affluent trade area with over 203k people earning a median household income of over $92.4k within a 5-mile radius, supporting consistent consumer demand and long-term retail viability.
• Strong Retail Traffic Performance (Placer.ai) | Trailing-12-month data shows 133.9K total visits from 71.3K unique customers, with 1.88 average visits per customer, indicating repeat patronage and stable consumer draw.
• Institutional-Quality Real Estate Fundamentals | Purpose-built 4,000 SF freestanding restaurant on 0.62 acres with 49 parking spaces (12.25/1,000 SF), fee-simple ownership, and full site control.
• High Occupancy, Mission-Critical Use | 100% occupied restaurant asset operating in a mature trade area with strong commuter patterns (nearly 79% drive-alone commute), reinforcing convenience-driven dining demand.
• Recent Renovation Demonstrates Commitment | The property recently underwent a comprehensive renovation, reflecting meaningful capital investment by the Tenant and reinforcing long-term operational commitment to the site. The upgraded improvements enhance customer experience and overall site competitiveness within the corridor further supporting the durability of the income stream and the Tenant’s confidence in this location.