investment summary sale price:$1,749,000 cap rate:8.23% building size:5,150 sq. ft. land size:47,552...

INVESTMENT SUMMARY

• Sale Price: $1,749,000

• Cap Rate: 8.23%

• Building Size: 5,150 Sq. Ft.

• Land Size: 47,552 sq.ft. (1.09 ac)

• Seats: 164

• Parking: 87 cars

• Year Built: 1997; remodeled 2007 (int/ext)

• NOI: $144,000

• Lease Term: 20 years

• Lease Type: Absolute NNN

• Increases: 1% Annually

• Options: 4 x 5 years with same increases

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: 516-977-8555property@parkwaygrp.com

TENANT INFORMATION•Absolute NNN sale leaseback; no landlord responsibility

•Experienced franchisee operating four Denny’s and one Buffalo Wild Wings with two additional stores planned

•Signalized hard corner right off I-90 ramp and just outside entrance to the Rushmore Mall

• This Denny’s is outside the Rushmore Mall with over 110 stores & restaurants including Toys R Us, JC Penney & Sears

• There are several hotel chains located nearby• Rapid City is the tourism center of the Black Hills, and is the

gateway to Mt. Rushmore, Badlands National Park and Wind Cave National Park. It is also the home of Ellsworth AFB.

• Founded in 1876, Rapid City is the second largest city in South Dakota with a population over 70,000 and a metro area of over 120,000. It continues to be a center for commerce, culture, transportation and education.

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: 516-977-8555property@parkwaygrp.com

Demographics Zip 57701 City Population (2000 census) 43,785 59,607

Avg. HH Income $53,717 $67,256

Traffic Count 17,750 cpd

Mt. Rushmore

CORPORATE INFORMATIONDenny’s started over 50 years ago and is now the largest full service, family restaurant chain in the US with over 1,500 restaurants. Of these, 25% are corporate owned and 75% are franchisee operated with system–wide sales of $2.4 billion and 21,000 employees. It is the home of the Grand Slam Breakfast, introduced in 1977, which remains one of their best selling menu items, available around the clock.

1010 Northern Blvd, Ste 208Great Neck, NY 11021PH: 516-482-0220FX: 516-977-8555property@parkwaygrp.com

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