5990 Neal Ave N - Freestanding FOR SALE


Oak Park Heights, MN 55082
$1,750,000 USD
480-221-4221
5990 Neal Ave N, Oak Park Heights, MN for Sale
$1,750,000 USD
Freestanding - FOR SALE
1/9
null | 5.52% Cap Rate

5990 Neal Ave N
Oak Park Heights, MN 55082


HIGHLIGHTS

  • 9 Years Remaining | Corporate Guaranteed |Scheduled Rental Increases | Established Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Nearby Walmart & Target | Retail Corridor |Strong National/Credit Tenant Presence
  • Quick Access to State Highway 36 | Drive-Thru Equipped
  • Direct Residential Consumer Base | Six-Figure Incomes |Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate guaranteed, drive-thru equipped, Arby’s investment property located in Oak Park Heights, Minnesota (Minneapolis-St. Paul MSA). The tenant, Franchise Associates LLC, has 9 years years remaining in their initial lease term with 2 (5-year) options to extend. The lease features a 5% rental increase in August 2026 and 8% increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is corporate guaranteed by RTM, Inc., a subsidiary of Arby’s Restaurant Group, Inc., and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Arby’s is the second-largest sandwich restaurant brand in the world with more than 3,400 restaurants in eight countries.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$404 USD /SF

CAP RATE

5.52%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arby's | 9yrs Remaining Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

62

LAND DETAILS

LAND ACRES

1.39 AC

LAND SF

60,548 SF

ZONING

Commercial

APN/PARCEL ID

06-029-20-11-0014

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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