211 Elm St W - Fast Food FOR SALE


Annandale, MN 55302
$1,395,847 USD
952-594-5616
211 Elm St W, Annandale, MN for Sale
$1,395,847 USD
Fast Food - FOR SALE
1/7
null | 5.5% Cap Rate

211 Elm St W
Annandale, MN 55302


HIGHLIGHTS

  • McDonald's Corporate Guaranteed Lease
  • Hard Corner Location - Only Signalized Intersection Along Highway 55 in Annandale
  • Next Closest McDonald's or Domino's are Located Over 10 Miles Away
  • The Only Other National Food Chains in Annandale are Dairy Queen and Subway
  • Property Leased to Two National QSR Brands
  • Low Rent, Low Price Point Investment

OVERVIEW

The Annandale Retail Center is located in Annandale Minnesota with direct frontage to highway 55, a major thoroughfare in the area. Tenants include both McDonalds Corporation and Dominos Pizza. In addition to being located on the main thoroughfare in town, it is also located on a hard corner with the only signalized intersection in Annandale along highway 55, making this the main turn in for the city. The leases feature a favorable structure allowing for most building expenses to be passed through to the tenants. McDonalds has a corporate guaranteed lease and Domino's is a strong multi-unit franchisee. This is a great bite size deal with a low rent McDonalds in a market with limited competition for business. Domino's has over 6 years remaining on their lease with annual increases and a favorable 7% increase later in 2025.

FOR SALE DETAILS

PRICE

$1,395,847 USD

PRICE/SF

$261 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

Business/Commercial

APN/PARCEL ID

102-080-001020

ASK ABOUT THIS PROPERTY

Cameron CropseyInventure Real EstateMore Info
952-594-5616

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Cameron CropseyInventure Real EstateMore Info
952-594-5616

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