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INVESTMENT SUMMARY Sale Price:$1,749,000 Cap Rate:8.23% Building Size:5,150 Sq. Ft. Land Size:47,552 sq.ft. (1.09 ac) Seats:164 Parking:87 cars Year Built:1997;

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Presentation on theme: "INVESTMENT SUMMARY Sale Price:$1,749,000 Cap Rate:8.23% Building Size:5,150 Sq. Ft. Land Size:47,552 sq.ft. (1.09 ac) Seats:164 Parking:87 cars Year Built:1997;"— Presentation transcript:

1 INVESTMENT SUMMARY Sale Price:$1,749,000 Cap Rate:8.23% Building Size:5,150 Sq. Ft. Land Size:47,552 sq.ft. (1.09 ac) Seats:164 Parking:87 cars Year Built:1997; remodeled 2007 (int/ext) NOI:$144,000 Lease Term:20 years Lease Type:Absolute NNN Increases:1% 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 principals 1010 Northern Blvd, Ste 208 Great Neck, NY PH: FX: TENANT INFORMATION Absolute NNN sale leaseback; no landlord responsibility Experienced franchisee operating four Dennys and one Buffalo Wild Wings with two additional stores planned Signalized hard corner right off I-90 ramp and just outside entrance to the Rushmore Mall

2 This Dennys is outside the Rushmore Mall with over 110 stores & restaurants including Toys R Us, JC Penney & Sears There are several hotel chains located nearby Rapid City is the tourism center of the Black Hills, and is the gateway to Mt. Rushmore, Badlands National Park and Wind Cave National Park. It is also the home of Ellsworth AFB. Founded in 1876, Rapid City is the second largest city in South Dakota with a population over 70,000 and a metro area of over 120,000. It continues to be a center for commerce, culture, transportation and education. 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: DemographicsZip 57701City Population (2000 census)43,78559,607 Avg. HH Income$53,717$67,256 Traffic Count17,750 cpd Mt. Rushmore CORPORATE INFORMATION Dennys started over 50 years ago and is now the largest full service, family restaurant chain in the US with over 1,500 restaurants. Of these, 25% are corporate owned and 75% are franchisee operated with system–wide sales of $2.4 billion and 21,000 employees. It is the home of the Grand Slam Breakfast, introduced in 1977, which remains one of their best selling menu items, available around the clock.

3 1010 Northern Blvd, Ste 208 Great Neck, NY PH: FX: 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


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