No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals1010 Northern Blvd, Ste 208Great Neck, NY 11021PH: 516-482-0220FX: 516-977-8555property@parkwaygrp.comformer Lone Star SteakhouseTENANT INFORMATIONThis new Perkins Restaurant (best location in Ft Dodge) is operated by a franchisee with more than 20 years of experience with Perkins, both as an operator and a Senior Area Director, with responsibility for 35-50 stores. Currently operating four profitable units and about to open this 5th store in May 2012. Offering a personal guarantee.

INVESTMENT SUMMARY Sale Price:$1,650,000 Cap Rate:8.25% Building Size:5,500 Sq. Ft. Land Size:1.5 ac (approx) Seats:201 Opening Date:May 2012 NOI:$136,125 Lease Term:20 years + 4 five year options to renew Lease Type:Absolute NNN Increases:1% increases annually Options:4 x 5 years with same increases

No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals1010 Northern Blvd, Ste 208Great Neck, NY 11021PH: 516-482-0220FX: 516-977-8555property@parkwaygrp.comGreat location near Crossroads Mall and several big box centers with Target, Walmart, JC Penny & Sears (1/2 mile)Next to Country Inn Suites, Menards & Comfort Inn (1/4 mile)Other near-by national retailers include Office Max, Kohls, Dunhams, Culvers, Payless, etc.LOCATION INFORMATION

Demographics2010 Total Population25,6062009 Mean HH Income$42,555Traffic Count (Hwy 20 Bus)13,600

No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals1010 Northern Blvd, Ste 208Great Neck, NY 11021PH: 516-482-0220FX: 516-977-8555property@parkwaygrp.comFORT DODGE MEMORIAL PARK CEMETERY

AREA INFORMATIONFt. Dodge, founded 1869; is the county seat of Webster CountyMajor businesses are National Gypsum, Georgia Pacific, Celotex and US GypsumHome of Iowa Central Community College (5,500 students)Trinity Medical Center (200 bed cardiovascular w/1,000 staff)Ft Dodge Correctional Facil (1,250 bed med/security)Major industries include gypsum & limestone mining and the manufacturing of drywall, veterinary pharmaceuticals & vaccines1010 Northern Blvd, Ste 208Great Neck, NY 11021PH: 516-482-0220FX: 516-977-8555property@parkwaygrp.comNo warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principalsPERKINS FAMILY RESTAURANT & BAKERY

Founded in 1958 in Ohio as a single pancake houseNow located in 34 states and 5 provincesOperating 480 units; 319 franchised and 161 corporate25,000 employeesServing high quality, value-priced foodBreakfast, lunch & dinnerFORT DODGE MEMORIAL PARK CEMETERY

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