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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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 208 Great Neck, NY 11021 PH: 516-482-0220 FX: 516-977-8555 [email protected] om TENANT INFORMATION This franchisee/operator has 17 years experience with Perkins Corporate, as a Senior Area Director, with responsibility for 35-50 stores.

Transcript of INVESTMENT SUMMARY Sale Price:$1,555,555 Cap Rate:9.0% Building Size:5,500 Sq. Ft. Land Size:54,000...

Page 1: 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.

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.

Page 2: 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.

• 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

Page 3: 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.

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

Page 4: 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.

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