investment summary sale price:$1,540,625 play area:yes cap rate:8% parking:-- cars noi:$123,250 year...
TRANSCRIPT
INVESTMENT SUMMARY• Sale Price: $1,540,625 • Play Area: Yes
• Cap Rate: 8% • Parking: -- cars
• NOI: $123,250 • Year Built: 2001
• Building Size: Approx. 3,800 Sq. Ft. • Land Size: 1+ acres
• Lease Term: 2021 • Drive Thru: Yes
• Lease Type: Absolute NNN • Daily Traffic: 21,000
• Increases: 5% increases every five years ANNUAL RENT• Options: 4 x 5 years with same increases • $123,250 years 1-5
• Location: On US Hwy 12 & 15th St • $129,412 years 6 – 9
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
Operator has been a Burger King franchisee since 1978. Operates 11 Burger King restaurants in Minnesota
LOCATION INFORMATIONGreat location with high traffic count, at the intersection of US Highway 12 and 15th Street S, near the center of Willmar. There is a Subway next door and several strip centers and office buildings nearby, as well as a large private-home development. Valley Golf Course is also nearby.
file photo
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
Demographics 1 Mile 3 Mile 5 Mile
Population (2007) 7,021 17,426 20,868
Avg. HH Income $50,857 $54,682 $56,995
Traffic Count 7,100
1010 Northern Blvd, Ste 208Great Neck, NY 11021PH: 516-482-0220FX: [email protected]
AREA INFORMATIONWillmar is at the center of the Willmar Lakes region in Minnesota, and is the county seat of Kandiyohi County, which is an Indian name referring to the abundance of fish in the area’s lakes. The area is a popular tourist destination, with 30 lakes, 41 parks and 5 golf courses, which offer a multitude of recreational opportunities.
1010 Northern Blvd, Ste 208Great Neck, NY 11021PH: 516-482-0220FX: [email protected]
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
file photos
1010 Northern Blvd Great Neck, NY 11021PH: 516-482-0220FX: [email protected]
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
Population: 2008Total Population 7,021 17,426 20,868Male Population 46.6% 47.7% 48.1%Female Population 53.4% 52.3% 51.9%Median Age 35.5 36.0 35.4Population Density (per sq. mi.) 2,234.7 616.3 265.7Employees 6,343 18,354 20,175Establishments 428 1,129 1,237 Income: 2008Median HH Income $36,625 $41,601 $43,504Per Capita Income $24,018 $25,047 $25,387Average HH Income $50,857 $54,682 $56,995 Households: 2008Total Households 3,202 7,621 8,889Average Household Size 2.11 2.20 2.27Household Growth 1990 - 2000 6.3% 5.7% 7.6% Housing: 2008Owner Occupied Housing Units 50.7% 59.4% 61.3%Renter Occupied Housing Units 42.0% 34.2% 32.3%Vacant Housing Units 7.3% 6.5% 6.4% Race: 2008White 87.7% 88.9% 89.2%Black 1.0% 0.8% 0.9%Asian 0.5% 0.6% 0.6%Other 9.4% 8.5% 8.1%Multirace 1.4% 1.3% 1.4% Ethnicity: 2008Hispanic 19.5% 16.6% 15.8%Non-Hispanic 80.5% 83.4% 84.2%
Traffic Count: 2008 7,100
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 Great Neck, NY 11021PH: 516-482-0220FX: [email protected]