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INVESTMENT SUMMARY Sale Price:$1,741,935 Cap Rate:7.75% Building Size:5,500 Sq. Ft. Land Size:1.36 acres Seats:200 Date Opened:July, 2011 NOI:$135,000.

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Presentation on theme: "INVESTMENT SUMMARY Sale Price:$1,741,935 Cap Rate:7.75% Building Size:5,500 Sq. Ft. Land Size:1.36 acres Seats:200 Date Opened:July, 2011 NOI:$135,000."— Presentation transcript:

1 INVESTMENT SUMMARY Sale Price:$1,741,935 Cap Rate:7.75% Building Size:5,500 Sq. Ft. Land Size:1.36 acres Seats:200 Date Opened:July, 2011 NOI:$135,000 Lease Term:20 years + 4 five year options to renew Lease Type:Absolute NNN Increases:1% annual increases 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 PH: FX: TENANT INFORMATION This ideally located new Perkins Restaurant operated by a franchisee with more than 20 years of experience with Perkins, both as a Senior Area Director, with responsibility for stores and as an operator. Currently operating four profitable Perkins restaurants. Offering a personal guarantee. former Lone Star Steakhouse 3939 S. Bolger Rd. and the zip code 64005

2 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 PH: FX: Demographics1 Mile3 Mile5 Mile 2007 Estimated Population 4,78345,805128, Est. Avg HH Income $70,141$69,123$65,242 Traffic Counts Hwy ,674 E 39 th St 19,879 Independence (pop 121,200) is the county seat of Jackson County Location of the Truman Presidential Library & Museum and the Truman Home (National Historic Site) are among many tourist attractions here. Home of Metro Community College (Blue River) w/1,500 students Independence library district has 3M books and a $42M ann budget Great location in giant shopping center, sharing an entrance road with Walmart (under construction) & Sams Club. AREA INFORMATION

3 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 PH: FX: First Assembly of God Church Independence Commons Independence Center HWY 291 E 39th St S E Jackson Dr

4 1010 Northern Blvd, Ste 208 Great Neck, NY PH: FX: This new Perkins Restaurant and Bakery, opened July 2011, is in a prime location next to a new Super WalMart (under construction) and Sams Club sharing an entrance from E39th Street, off the N/W cloverleaf of Hwy 291 and Interstate 70. The Independence Center regional mall is right across Hwy 291 with many national retailers, including Macys, Sears Dillards, Barnes & Noble, Marshalls, Kohls and others, with easy access on E39th Street HWY 291


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