INVESTMENT SUMMARY Sale Price:$1,741,935 Cap Rate:7.75% Building Size:5,500 Sq. Ft. Land Size:1.36 acres Seats:200 Date Opened:July, 2011 NOI:$135,000.

INVESTMENT SUMMARY• Sale Price: $1,741,935

• Cap Rate: 7.75%

• Building Size: 5,500 Sq. Ft.

• Land Size: 1.36 acres

• Seats: 200

• Date Opened: July, 2011

• NOI: $135,000

• 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

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 208Great Neck, NY 11021PH: 516-482-0220FX: [email protected]

TENANT INFORMATION

This ideally located new Perkins Restaurant operated by a franchisee with more than 20 years of experience with Perkins, both as a Senior Area Director, with responsibility for 35-50 stores and as an operator. Currently operating four profitable Perkins restaurants. Offering a personal guarantee.

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

1010 Northern Blvd, Ste 208Great Neck, NY 11021PH: 516-482-0220FX: [email protected]

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 291 49,674

E 39th St 19,879

• 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

Walmart (under construction) & Sam’s Club.

AREA INFORMATION

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 208Great Neck, NY 11021PH: 516-482-0220FX: [email protected]

First Assembly

of God Church

Independence Commons

Independence Center

HWY 291

HWY 291

E 39th St S

E Jackson Dr

1010 Northern Blvd, Ste 208Great Neck, NY 11021PH: 516-482-0220FX: [email protected]

This new Perkins Restaurant and Bakery, opened July 2011, is in a prime location next to a new Super WalMart (under construction) and Sam’s Club sharing an entrance from E39th Street, off the N/W cloverleaf of Hwy 291 and Interstate 70.

The Independence Center regional mall is right across Hwy 291 with many national retailers, including Macy’s, Sears Dillards, Barnes & Noble, Marshalls, Kohls and others, with easy access on E39th Street

HWY 291