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INVESTMENT SUMMARY Sale Price:$1,540,625 Play Area:Yes Cap Rate:8% Parking:-- cars NOI:$123,250 Year Built:2001 Building Size:Approx. 3,800 Sq. Ft. Land.

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Presentation on theme: "INVESTMENT SUMMARY Sale Price:$1,540,625 Play Area:Yes Cap Rate:8% Parking:-- cars NOI:$123,250 Year Built:2001 Building Size:Approx. 3,800 Sq. Ft. Land."— Presentation transcript:

1 INVESTMENT SUMMARY Sale Price:$1,540,625 Play Area:Yes Cap Rate:8% Parking:-- cars NOI:$123,250 Year Built:2001 Building Size:Approx. 3,800 Sq. Ft. Land Size:1+ acres Lease Term:2021 Drive Thru:Yes Lease Type:Absolute NNN Daily Traffic:21,000 Increases:5% increases every five years ANNUAL RENT Options:4 x 5 years with same increases $123,250years 1-5 Location:On US Hwy 12 & 15 th St $129,412years 6 – 9 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 property@parkwaygrp.com TENANT INFORMATION Operator has been a Burger King franchisee since 1978. Operates 11 Burger King restaurants in Minnesota LOCATION INFORMATION Great location with high traffic count, at the intersection of US Highway 12 and 15 th Street S, near the center of Willmar. There is a Subway next door and several strip centers and office buildings nearby, as well as a large private-home development. Valley Golf Course is also nearby. file photo

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 Demographics1 Mile3 Mile5 Mile Population (2007)7,02117,42620,868 Avg. HH Income$50,857$54,682$56,995 Traffic Count7,100 1010 Northern Blvd, Ste 208 Great Neck, NY 11021 PH: 516-482-0220 FX: 516-977-8555 property@parkwaygrp.com AREA INFORMATION Willmar is at the center of the Willmar Lakes region in Minnesota, and is the county seat of Kandiyohi County, which is an Indian name referring to the abundance of fish in the area’s lakes. The area is a popular tourist destination, with 30 lakes, 41 parks and 5 golf courses, which offer a multitude of recreational opportunities.

3 1010 Northern Blvd, Ste 208 Great Neck, NY 11021 PH: 516-482-0220 FX: 516-977-8555 property@parkwaygrp.com 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 file photos

4 1010 Northern Blvd Great Neck, NY 11021 PH: 516-482-0220 FX: 516-977-8555 property@parkwaygrp.com 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 Population: 2008 Total Population7,02117,42620,868 Male Population46.6%47.7%48.1% Female Population53.4%52.3%51.9% Median Age35.536.035.4 Population Density (per sq. mi.)2,234.7616.3265.7 Employees6,34318,35420,175 Establishments4281,1291,237 Income: 2008 Median HH Income$36,625$41,601$43,504 Per Capita Income$24,018$25,047$25,387 Average HH Income$50,857$54,682$56,995 Households: 2008 Total Households3,2027,6218,889 Average Household Size2.112.202.27 Household Growth 1990 - 20006.3%5.7%7.6% Housing: 2008 Owner Occupied Housing Units50.7%59.4%61.3% Renter Occupied Housing Units42.0%34.2%32.3% Vacant Housing Units7.3%6.5%6.4% Race: 2008 White87.7%88.9%89.2% Black1.0%0.8%0.9% Asian0.5%0.6% Other9.4%8.5%8.1% Multirace1.4%1.3%1.4% Ethnicity: 2008 Hispanic19.5%16.6%15.8% Non-Hispanic80.5%83.4%84.2% Traffic Count: 20087,100

5 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 Great Neck, NY 11021 PH: 516-482-0220 FX: 516-977-8555 property@parkwaygrp.com


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