13523 60th St - Fast Food FOR SALE
Oak Park Heights, MN 55082 |
$1,905,000 USD
844-585-7682
13523 60th St
Oak Park Heights, MN 55082
HIGHLIGHTS
- New Construction Single-Tenant Popeyes with Drive-Thru; Outparcel to The Shoppes of Oak Park Heights, a Kohl’s Anchored Neighborhood Center
- 20-Year Absolute NNN Ground Lease; 19 Years Remaining | 10% Increases Every 5 Years | New Construction; Latest Popeyes Prototype
- Highest Demand Retail Intersection in Submarket: At Hwy 36 and Norell Avenue with a combined traffic count of 41,000+ CPD
- Affluent Demographics in a Sought-After Market: Located in Oak Park Heights, outside of Stillwater, a highly sought-after submarket of the Twin Cities
- Oak Park Heights is Part of the Twin Cities MSA, One of the Strongest Midwest Economies
FOR SALE DETAILS
PRICE
$1,905,000 USD
PRICE/SF
$344 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
Popeyes | Oak Park Heights, MN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2022
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.88 AC
LAND SF
38,333 SF
ZONING
-
APN/PARCEL ID
05-029-20-21-0042
ASK ABOUT THIS PROPERTY
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844-585-7682
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844-585-7682
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