INVESTMENT SUMMARY Sale Price:$1,555,555 Cap Rate:9.0% Building Size:5,500 Sq. Ft. Land Size:54,000...
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Transcript of INVESTMENT SUMMARY Sale Price:$1,555,555 Cap Rate:9.0% Building Size:5,500 Sq. Ft. Land Size:54,000...
INVESTMENT SUMMARY
• Sale Price: $1,555,555
• Cap Rate: 9.0%
• Building Size: 5,500 Sq. Ft.
• Land Size: 54,000 sq. ft.
• Seats:
• Opening Date: January, 2011
• NOI: $140,000
• Lease Term: 20 years + 4 five year options to renew
• Lease Type: Absolute NNN
• Increases: 5% increases every five years
• 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 principals
1010 Northern Blvd, Ste 208Great Neck, NY 11021PH: 516-482-0220FX: [email protected]
TENANT INFORMATION
This franchisee/operator has 17 years experience with Perkins Corporate, as a Senior Area Director, with responsibility for 35-50 stores.
• Independence is the fourth largest city in the state of Missouri and encompasses over 78 square miles. It is the county seat of Jackson County with a total population of 121,212 in 2008.
• Independence was an important trading post in the early 19th century due to its location on the Missouri and Kansas Rivers and was also an important hub on the trails to California.
• Harry & Bess Truman and Ginger Rogers are from Independence. The Truman home and Presidential Library are among many tourist destinations here.
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 principals
1010 Northern Blvd, Ste 208Great Neck, NY 11021PH: 516-482-0220FX: [email protected]
Demographics 1 Mile 3 Mile 5 Mile
2007 Estimated Population
4,783 45,805 128,016
2007 Est. Avg HH Income
$70,141 $69,123 $65,242
Traffic Count
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 principals
1010 Northern Blvd, Ste 208Great Neck, NY 11021PH: 516-482-0220FX: [email protected]
First Assembly
of God Church
1010 Northern Blvd, Ste 208Great Neck, NY 11021PH: 516-482-0220FX: [email protected]
This former Lone Star Steakhouse will be renovated and repurposed into a new Perkins Restaurant and Bakery. It is in a prime location across the parking lot from WalMart and Sam’s Club.
The Independence Center regional shopping mall is across the intersection of I-70 and Missouri Hwy 291 and has many national retail stores, including Macy’s, Sears and Dillards, with Barnes & Noble, Marshalls, Kohls and others across E39th Street