Investment Overview

Marcus & Millichap is pleased to present this former Perkins property available for purchase. Operating as a Perkins for many years until the operator recently retired, the location was consistently a strong performing Perkins with sales well above the national average. The property being offered consists of three parcels totaling approximately 2.87-3 acres. The parcels are zoned B-2, however there is currently a PUD (Planned Unit Development) on the parcel with the existing building on it that restricts it's usage to restaurant use only for now. B-2 zoning on the back parcel allows for a wide array of potential uses. For reference parcel #'s 15.137.0010, 15.137.0020 and 15.137.0030 are included. Seller would prefer to sell all parcels together but will entertain offers to sell separately. The property is ideally situated on a hard corner of Highway 95 and Highway 65 with approximately 21,000 vehicles per day passing directly in front of the property. In addition the 60'+ tall pylon sign is visible by traffic from both directions on Highway 95. Population counts are projected to grow by approximately 4% by 2026. Household income within a 5-mile radius of the property is strong with the average HH income being $101,950. The property is located within close proximity to many national or regional retailers such as Walmart, Walgreens, Starbucks, Tractor Supply, Target, Wendy's, Aldi, Autozone, McDonalds, Arby's, Culver's, Subway, Speedway, Applebee's and more. Buyer is solely responsible for verifying property and building size along with zoning classification and requirements.