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Perkins 2400 N Ave 5,664 SF Retail Building Milford, IA 51351 $1,530,000 ($270.13/SF) 10.90% Cap Rate
Investment Highlights
- Strategic Highway Location Serving Okoboji Lakes Corridor: The property is ideally positioned along U.S. Highway 71
- Established National Restaurant Concept – Perkins American Food Co.: Perkins is a long-standing, nationally recognized family dining concept
- Gateway to Iowa Great Lakes — Seasonal Tourism Driver: Milford serves as the southern gateway to the Okoboji lakes region
- Absolute NNN Lease — Fully Passive Ownership: Perkins is responsible for all expenses including taxes, insurance, CAM, roof, and structure
Executive Summary
Adam Marek
License # F03991000, S44830000 (IA)
Pacific Realty Commercial, LLC
11516 Miracle Hills Dr. Ste #400 Omaha, NE 68154
(866) 889-0550
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Accommodation and Food Services
- -
- -
- -
Ever since Perkins started as a simple pancake house, there’s always been a drive to provide truly delicious plates and exceptional service. The menu has changed to keep their guests’ taste buds guessing, but their dedication to provide the best possible experience has not. Perkins commitment to quality and innovation began in 1958 when Matt and Ivan Perkins opened their first pancake house in Cincinnati, Ohio. Today's Perkins still serves pancakes and excels at breakfast fare. Restaurants also offer some 100 breakfast lunch and dinner items with signature dishes including specialty omelettes, melt sandwiches and bread bowl salads.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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|
Accommodation and Food Services | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 10-01-227-002 | Improvements Assessment | $876,600 |
| Land Assessment | $254,300 | Total Assessment | $1,130,900 |
Property Taxes
Presented by
Perkins | 2400 N Ave
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