Perkins Restaurant and Bakery

  • $3.7M
Featured For Sale
2975 West College Avenue, Appleton, WI 54914, USA
Featured

Perkins Restaurant and Bakery

2975 West College Avenue, Appleton, WI 54914, USA
  • $3.7M

Description

Marketing Description
-Original Long Term 17-Year Absolute Triple Net (NNN) Lease | 8+ Years Remaining on the Initial Lease Term
-Passive Investment Offering a Long-Term Security of Cash Flow
-Attractive Rental Increases of 2.75% Annually
-Tenant Renewal Options: Two (2) Periods of Ten (10) Years

Investment Highlights
Dense Retail Corridor | Walmart, Sam’s Club, Walgreens, Target, TJ-Maxx, Home Depot, Big Lots, Office Depot, Office Max, Hobby Lobby, Menards, Petco, Costco, McDonald’s, Starbucks and Many More
Features high Visibility & Ease of Access along West College Avenue
Strong Traffic Counts | West College Avenue & Interstate-41 | Averages 34,700 & 74,600 Vehicles Per Day Respectively
CompellingOperates 400 Restaurants in 33 States and Five Canadian Provinces
System Includes 134 Company-Owned and Operated Restaurants and 266 Franchised Units
Owned by Perkins & Marie Callender’s Holding LLC
Famous for its National Presence of Supermarket Frozen Entrée Lines
Location Fundamentals | Located Less Than 25-Miles From Downtown Green Bay, Wisconsin

Broker of Record
Todd Lindblom
License: 56163-90

Details

Updated on June 18, 2019 at 9:11 pm
  • Property ID: 12277
  • Price: $3.7M
  • Property Size: 5650 sqft
  • Property Type: Retail
  • Property Status: For Sale
  • Price Per/Sf: 650.64
  • Lot Size (acres): 1.1
  • Cap Rate: 7.25%
  • Net Operating Income: 266,517
  • Investment Type: Net Lease

Additional details

  • Lease Type: NNN
  • Lease Commencement: 01/01/2010
  • Rent Commencement: 05/31/2027
  • Rent Bumps: 2.75% Annually
  • Lease Options: Two (2), Ten (10) - Year Option Periods
  • Address 2975 West College Avenue, Appleton, WI 54914, USA
  • City Appleton
  • State/county Wisconsin
  • Zip/Postal Code 54914
  • Country United States

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Contact Information

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Glen Kunofsky
  • Glen Kunofsky
  • (212) 430-5115

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Glen Kunofsky
  • Glen Kunofsky