100 W Lake St - Fast Food FOR SALE


Minneapolis, MN 55408- Whittier
$2,633,000 USD
425-829-9091
100 W Lake St, Minneapolis, MN for Sale
$2,633,000 USD
Fast Food - FOR SALE
1/4
null | 6% Cap Rate

100 W Lake St
Minneapolis, MN 55408
Whittier


HIGHLIGHTS

  • Brand New 2024 Remodel to Newest KFC Image
  • 2023 KFC Franchisee of the Year - 135+ stores Guarantee the Subject Property Lease
  • 2,100,000+ Population Density within 15 miles of Subject Property

OVERVIEW

The subject property is located at 100 West Lake Street in Minneapolis MN. This investment is an Absolute NNN 15 Year Lease with one of the largest KFC Franchisees in the Nation and the largest KFC franchisee in Minnesota. The Subject Property Lease is guaranteed by 135+ Stores. The subject property was completely remodeled in 2024 from a former White Castle Restaurant. The new 15 year lease provides for long term stability with 8% increases every 5 years and there are (4) 5 Year Renewal Options after the primary 15-year lease term.

FOR SALE DETAILS

PRICE

$2,633,000 USD

PRICE/SF

$1,086 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

C2

APN/PARCEL ID

34-029-24-34-0117

ASK ABOUT THIS PROPERTY

Aaron HinesMarcus & MillichapMore Info
425-829-9091

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Aaron HinesMarcus & MillichapMore Info
425-829-9091

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