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2400 N Ave
Milford, IA 51351

$1,530,000 USD

Restaurant For Sale  •  5,572 SF

Property Details

• Property Type Restaurant
• Total Building Size 5,664 SF
• Lot Size 1.15 AC
• Building Class C
• Year Built 2006
• Cap Rate 10.90 %
• Tenancy Single

20 Walk Score

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

Cap Rate:

10.90 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Perkins