100 Judd St - Fast Food FOR SALE


Perham, MN 56573
$1,321,000 USD
424-330-2873
100 Judd St, Perham, MN for Sale
$1,321,000 USD
Fast Food - FOR SALE
1/9
null | 7% Cap Rate

100 Judd St
Perham, MN 56573


HIGHLIGHTS

  • Investment Grade Tenants | E-Commerce Resistant | Scheduled Rental Increases | Drive-Thru Equipped
  • Near Signalized, Hard Corner Intersection | Centralized Location |Strong Tenant Presence | Neighboring Schools and Hospital
  • Direct Residential Consumer Base | Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 100% occupied, two-tenant, retail strip investment property located in Perham, MN. The offering features a strong food and retail-based tenant lineup of McDonald’s and Verizon, making this a prime and e-commerce-resistant asset. In addition, both tenants have multiple 5-year option periods to extend with scheduled rental increases at the beginning of each option, growing NOI and hedging against inflation. Furthermore, the asset is equipped with an end-cap drive-thru lane, providing ease and convenience for customers. The subject property is strategically located near the signalized, hard corner intersection of State Highway 78 and U.S. Highway 10, averaging a combined 15,700 vehicles passing by daily. U.S. Highway 10 is a major commuter route that connects the surrounding cities and provides direct access to Minneapolis. The surrounding tenants include True Value, O’Reilly Auto Parts, ACE Hardware, Pizza Ranch, Dairy Queen, Central Market, Nest, and others. The strong national and regional tenant presence drives a steady stream of loyal, local consumers to the trade area, promotes crossover store exposure, and contributes to the local economy. Moreover, the property is near numerous single-family communities and multi-family complexes, providing a direct residential consumer base. The 5-mile trade area is supported by over 5,800 residents and 6,300 daytime employees, with a healthy annual average household income of $90,704.

FOR SALE DETAILS

PRICE

$1,321,000 USD

PRICE/SF

$333 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

Highway Commercial

APN/PARCEL ID

77000220020001

ASK ABOUT THIS PROPERTY

Steven RobertsSRS Real Estate PartnersMore Info
424-330-2873

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Steven RobertsSRS Real Estate PartnersMore Info
424-330-2873

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.