1. Perkins Restaurant & Bakery 3939 S. Bolger Road Independence, MO 64055
INVESTMENT SUMMARY
• Sale Price:
$1,650,000
• Cap Rate:
8.25%
• Building Size:
5,500 Sq. Ft.
• Land Size:
1.36 acres
Seats:
200
• Date Opened:
July, 2011
• NOI:
$136,125
• 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
3939 S. Bolger Rd. and the zip code 64005
TENANT INFORMATION
This ideally located new Perkins Restaurant is 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.
1010 Northern Blvd, Ste 208
Great Neck, NY 11021
PH:
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former Lone Star Steakhouse
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

2. Perkins Restaurant & Bakery 3939 S. Bolger Road Independence, MO 64055
AREA INFORMATION
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 Super Walmart (under construction) & Sam’s Club.
Demographics
1 Mile
3 Mile
5 Mile
2007 Estimated Population
4,783
45,805
128,016
2007 Est. Avg HH Income
$70,141
$69,123
$65,242
Traffic Counts
Hwy ,674
E 39th St ,879
1010 Northern Blvd, Ste 208
Great Neck, NY 11021
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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

3. First Assembly of God Church
Perkins Restaurant & Bakery
3939 S. Bolger Road
Independence, MO 64055
First Assembly of God Church
HWY 291
Independence Commons
E 39th St S
Independence Center
E Jackson Dr
HWY 291
1010 Northern Blvd,
Ste 208
Great Neck, NY 11021
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

4. Perkins Restaurant & Bakery 3939 S. Bolger Road Independence, MO 64055
PERKINS FAMILY RESTAURANT & BAKERY
- Founded in 1958 in Ohio as a single pancake house
- Now located in 34 states and 5 provinces
- Operating 480 units; 319 franchised and 161 corporate
- 25,000 employees
Serving high quality, value priced food
Breakfast, lunch & dinner
HWY 291
LOCATION INFORMATION
This new Perkins Restaurant and Bakery, opened July 2011 in a prime location, next to a new Super WalMart (under construction) and Sam’s Club with hi- profile visibility and traffic counts, sharing an entrance from E39th Street, off the N/W cloverleaf of Hwy 291 and Interstate 70.
The Independence Center Regional Mall (Simon Prop) is right across Hwy 291 with many national retailers, including Macy’s, Sears, Dillards, Barnes & Noble, Marshalls, Kohls, etc, with easy access on E39th Street.
The new Independence Events Center (5800 seats) opened 11/09 home of Missouri Mavericks (Hockey) & Missouri Comets (Soccer) as well as trade shows, festivals & concerts is across the cloverleaf.
The Centerpoint Medical Center (221 rooms) is half a mile away.
1010 Northern Blvd, Ste 208
Great Neck, NY 11021
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