Restaurant

Perkins Restaurant & Bakery

1551 Del Prado Blvd S, Cape Coral, FL 33990

Listing Price: $1,709,000

Cap Rate
5.85%
Tenant Name
Perkins, LLC
Years Remaining On Lease
8.8
Guarantor
Corporate Guarantee
Rentable SF
5,961
Lease Type
Absolute Net
Rent Per Square Feet
$16.78

Investment Overview

Marcus & Millichap is pleased to present Perkins Restaurant & Bakery, a truly rare investment opportunity for an investor to purchase a truly iconic brand with a proven track record of success in a quickly growing submarket of Cape Coral, FL.  Additionally, this dense infill, high barrier to entry location on Del Prado Blvd. S. sees over 49,500 Cars Per Day. The location has a long successful operating history with a growing built in customer base with numerous retailers, such as Wendy’s Walgreens, Chase Bank, McDonald’s, and much more. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Investment Highlights

  • $16.87 - Incredibly Low Rent Per Foot
  • Extremely Healthy Rent to Sales Ratio
  • Absolute NNN – Zero Landlord Responsibilities
  • 9 Years Remaining on Newly Executed 10-year Lease  
  • 32+ year Successful Operating History – Proven Location 
  • Exceptional Location - 48,000 Cars Per Day

Exclusively Listed By

Listing Price: $1,709,000

Cap Rate
5.85%
Tenant Name
Perkins, LLC
Years Remaining On Lease
8.8
Guarantor
Corporate Guarantee
Rentable SF
5,961
Lease Type
Absolute Net
Rent Per Square Feet
$16.78

Investment Highlights

  • $16.87 - Incredibly Low Rent Per Foot
  • Extremely Healthy Rent to Sales Ratio
  • Absolute NNN – Zero Landlord Responsibilities
  • 9 Years Remaining on Newly Executed 10-year Lease  
  • 32+ year Successful Operating History – Proven Location 
  • Exceptional Location - 48,000 Cars Per Day

Investment Overview

Marcus & Millichap is pleased to present Perkins Restaurant & Bakery, a truly rare investment opportunity for an investor to purchase a truly iconic brand with a proven track record of success in a quickly growing submarket of Cape Coral, FL.  Additionally, this dense infill, high barrier to entry location on Del Prado Blvd. S. sees over 49,500 Cars Per Day. The location has a long successful operating history with a growing built in customer base with numerous retailers, such as Wendy’s Walgreens, Chase Bank, McDonald’s, and much more. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Exclusively Listed By

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