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,

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Presentation transcript:

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 is one of the premier stores in the Perkins system. There are several major retail outlets nearby, including Menards, Kmart, Dunham’s Sports, United Rentals and Boomgaars. It is in an excellent location just off the intersection with US Highway 20 and was renovated a year ago. INVESTMENT SUMMARY Sale Price:$1,750,000 Cap Rate:8.00% Building Size:7,000 s.f. Land Size:59,045 s.f. Seats:220 Drive Thru:Yes NOI:$140,000 Lease Term:to December 2029 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: DemographicsZipCity Population27,00385,013 Estimated Median HH Income (2007) $46,761$41,266 Traffic Count11,400 ADT AREA INFORMATION This Perkins is located on Gordon Drive/Route 12 in suburban Sioux City, near the intersection of US Hwy 20. There are several major retail outlets nearby, including Menards, Kmart, Dunham’s Sports, United Rentals and Boomgars. Sioux City is a central destination for business, employment, industry, retail trade, medical care, educational opportunities and tourism in Northwest Iowa, Southeast South Dakota and Northeast Nebraska.

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:

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