2400 N Ave - Restaurant FOR SALE
Milford, IA 51351 |
$1,530,000 USD
949-617-2151
2400 N Ave
Milford, IA 51351
HIGHLIGHTS
- Strategic Highway Location Serving Okoboji Lakes Corridor: The property is ideally positioned along U.S. Highway 71
- Gateway to Iowa Great Lakes — Seasonal Tourism Driver: Milford serves as the southern gateway to the Okoboji lakes region
- Established National Restaurant Concept – Perkins American Food Co.: Perkins is a long-standing, nationally recognized family dining concept
- Absolute NNN Lease — Fully Passive Ownership: Perkins is responsible for all expenses including taxes, insurance, CAM, roof, and structure
FOR SALE DETAILS
PRICE
$1,530,000 USD
PRICE/SF
$275 USD /SF
CAP RATE
10.9%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Perkins
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.15 AC
LAND SF
50,007 SF
ZONING
-
APN/PARCEL ID
10-01-227-002
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949-617-2151
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949-617-2151
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
