600 E Bridge St - Restaurant FOR SALE


Redwood Falls, MN 56283
$400,000 USD
507-820-1710
600 E Bridge St, Redwood Falls, MN for Sale
$400,000 USD
Restaurant - FOR SALE
1/13
null | Request Cap Rate

600 E Bridge St
Redwood Falls, MN 56283


HIGHLIGHTS

  • Fully leased commercial space in highly visible location
  • Current tenant lease term is valid through 2032 - with additional lease extensions
  • New roof was installed by Duro-Last in 2022 that includes full 20 year labor and materials warranty
  • Nearly $100,000 of renovations and updates in 2022
  • Updates include a CaptiveAire 24-foot grease hood with fire suppression system
  • This property is turn key with an established tenant

OVERVIEW

Fully leased commercial space in highly visible location, with established tenant - generating $3,600/month! Lease term is valid through 2032, with additional extension options. Building had a new roof installed by Duro-Last in 2022 that has a full 20 year labor and materials warranty. Not to mention the equipment and installation of such was all updated in 2022. The renovation/updates in 2022 cost nearly $100,000! And those updates are all completed for the new owners benefit. Updates include a CaptiveAire 24-foot grease hood with fire suppression system, two grease exhaust fans with new roof curbs, ventilation system, etc. so this operation is truly turn key with the established tenant continuing their lease.

FOR SALE DETAILS

PRICE

$400,000 USD

PRICE/SF

$82 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,303 SF

ZONING

-

APN/PARCEL ID

88-001-1130

ASK ABOUT THIS PROPERTY

Tara OnkenEdina RealtyMore Info
507-820-1710

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Tara OnkenEdina RealtyMore Info
507-820-1710

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