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1010 Northern Blvd Suite 208 Great Neck, NY 11021 Tel: (516) 482-0220 Fax: (516) 977-8555 E-mail: property@parkwaygrp.com. Perkins Restaurant & Bakery 3250 S. Expressway St. Council Bluffs, IA 50501. INVESTMENT SUMMARY Sale Price: $1,257,500 Cap Rate: 7.50%
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1010 Northern Blvd Suite 208 Great Neck, NY 11021 Tel: (516) 482-0220 Fax: (516) 977-8555 E-mail: property@parkwaygrp.com Perkins Restaurant & Bakery 3250 S. Expressway St. Council Bluffs, IA 50501 INVESTMENT SUMMARY • Sale Price: $1,257,500 • Cap Rate: 7.50% • Building Size: Approx 5,000 sq. ft. • Land Size: sq. ft. • Seats 165 • Year Built: 1990 • NOI: $94,337 • Lease Term: 20 years • Lease Type: Absolute NNN (no landlord responsibility) • Increases: 5% increases every five years • Options: 4 x 5 year options w/same increases TENANT INFORMATION Franchisee has 30 years experience as a Perkins operator. They operate nine stores in Nebraska, South Dakota and Iowa. No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. You and your tax & legal advisors should conduct your own due diligence for the property and transaction.
1010 Northern Blvd Suite 208 Great Neck, NY 11021 Tel: (516) 482-0220 Fax: (516) 977-8555 E-mail: property@parkwaygrp.com Perkins Restaurant & Bakery 4702 S 108th Street Omaha, NE 68137 This Perkins is surrounded by retail and commercial development, as well as several tracts of private homes. It is adjacent to a Best Western, with Days Inn, La Quinta, Motel 6, Subway, Arby’s, Village Inn, Albertson’s, Dollar General and a few local restaurants all located nearby. Omaha is home to many nationally-known businesses, such as: the PSI Group Inc., Omaha Steaks Intl Inc, Oriental Trading Company Inc, Kellogg Co, Berkshire Hathaway Inc, Ameritrade, Qwest Communications, Cox Communications, Sitel Corporation, Union Pacific RR, ConAgra Foods, Cargill Inc, Goodyear Tire & Rubber Company, First Data Corporation. Omaha is the largest city in Nebraska with over 400,000 people, and with Council Bluffs, is the 60th largest metro area in the US. No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. You and your tax & legal advisors should conduct your own due diligence for the property and transaction.
1010 Northern Blvd Suite 208 Great Neck, NY 11021 Tel: (516) 482-0220 Fax: (516) 977-8555 E-mail: property@parkwaygrp.com Perkins Restaurant & Bakery 4702 S 108th Street Omaha, NE 68137 BUCKY’S EXPRESS No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals. You and your tax & legal advisors should conduct your own due diligence for the property and transaction.