Restaurant

Perkins Restaurant and Bakery

6292 N Oak Trafficway, Gladstone, MO 64118

Listing Price: $3,357,308

Cap Rate
6.50%
Tenant Name
Net-Leased Restaurant
Years Remaining On Lease
18.4
Gross SF
5,591
Guarantor
Corporate Guarantee
Rentable SF
5,591
Price/Gross SF
$600.48
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.03

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Perkins Restaurant and Bakery located at 6292 N. Oak Trafficway in Gladstone, MO. The site consists of roughly 5,591 rentable square feet of building space on estimated 1.31-acre parcel of land. This Perkins Restaurant and Bakery is subject to a brand new, long term, 20-year absolute triple-net (NNN) lease, which commenced on November 1st, 2019. The current annual rent is $218,225 and is scheduled to increase by 1.50% annually throughout the base term and in each of the four (4), five (5)-year tenant renewal option periods.

Investment Highlights

  • Brand New, 20-Year Absolute Triple Net (NNN) Lease
  • Passive Investment Offering a Long-Term Security of Cash Flow
  • Attractive Rental Increases of 1.50% Annually

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Bradley Barham

    First Vice President Investments

    License(s): MO: 2013016939

    Missouri

Restaurant

Perkins Restaurant and Bakery

Listing Price: $3,357,308

Cap Rate
6.50%
Tenant Name
Net-Leased Restaurant
Years Remaining On Lease
18.4
Gross SF
5,591
Guarantor
Corporate Guarantee
Rentable SF
5,591
Price/Gross SF
$600.48
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.03

Investment Highlights

  • Brand New, 20-Year Absolute Triple Net (NNN) Lease
  • Passive Investment Offering a Long-Term Security of Cash Flow
  • Attractive Rental Increases of 1.50% Annually

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Perkins Restaurant and Bakery located at 6292 N. Oak Trafficway in Gladstone, MO. The site consists of roughly 5,591 rentable square feet of building space on estimated 1.31-acre parcel of land. This Perkins Restaurant and Bakery is subject to a brand new, long term, 20-year absolute triple-net (NNN) lease, which commenced on November 1st, 2019. The current annual rent is $218,225 and is scheduled to increase by 1.50% annually throughout the base term and in each of the four (4), five (5)-year tenant renewal option periods.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Bradley Barham

    First Vice President Investments

    License(s): MO: 2013016939

    Missouri

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