New Single Tenant
20 Year Absolute NNN / 9% Cash Flow 27% Down
Publicly Traded Company

Average Household Income 1 Mile = $76,000
Highway 51 & US Highway 287
Peters Township, Pittsburgh Metro, PA


Deal Highlights
a.. $3,200,000/ 27% Down/$875,000 Cash Down
b.. 7.5% Rent Increase / Every 5 Years
c.. 9.0% Cash Flow Yrs 1-5 w / just 27% down
d.. Assumable in-place financing: $2,325,000 @ 7% fixed for 5 Yrs, 25 Yr Amort, Due in 10 Yrs
e.. New Building
f.. New 20 Year NNN Lease - No Management Whatsoever
g.. $76k Average Household Income in a 1 mile radius
h.. Located in an upscale Pittsburgh Metro area city
i.. Aggressive CAP rate
j.. Corporate Guarantee from Max and Erma's
k.. Rent Yrs 1-5 $276,375, 7.5% Rent Increase Adjusted Every 5 Yrs Thereafter

Max & Erma's (MAXE)
a.. $142 Million Overall Sales
b.. 71 Stores Nationwide
c.. Net Income Increased +30% Over Last year
d.. Positive same store sales increase for 11th straight Quarter

Price: $3,200,000 / 9.0% Cash on Cash
$875,000 Cash Required For New First Loan
Non-Recourse Debt

This freestanding Max and Erma's has become very popular destination location for many local residents. Recent customers indicate waiting times of up to 45 minutes for lunch and dinner, a demand which is also reflected company wide in Max and Erma's record performance and 30% increase in net income over last year.

Max & Erma's restaurants are famous for gourmet burgers, overstuffed sandwiches, homemade pasta dishes, chargrilled steak and chicken specialties, super salads and taste-tempting munchies. Unique to the Max & Erma's concept is the Build-Your-Own-Sundae Bar, a bathtub filled with vanilla ice cream, special sauces and lots of toppings. In addition, the restaurants offer a full complement of alcoholic and non-alcoholic beverages.

The property is located in an ideal retail corridor in Peters Township surrounded by other national retailers including Eagle Hardware and Big Kmart that can create exceptional customer draw to the restaurant. This central location in a strong retail corridor is a testament to the strong residual value of this site.

John Glass or Steve Regenstreif
Marcus & Millichap
jglass@speakeasy.net
steve@nnndeal.com
750 Battery, Suite 500
San Francisco, CA 94111
John: 415-391-9220 xt. 310 or 415-244-8530(cell)
Steve: 888-666-3325 or 888-666-5504(fax)