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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.

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Presentation on theme: "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."— Presentation transcript:

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 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 PH: FX: TENANT INFORMATION This franchisee/operator has 17 years experience with Perkins Corporate, as a Senior Area Director, with responsibility for stores.

2 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 Independence was an important trading post in the early 19 th 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 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 Count

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

4 1010 Northern Blvd, Ste 208 Great Neck, NY PH: FX: 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


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