7520 University Ave NE - Restaurant FOR SALE


Fridley, MN 55432
$1,857,143 USD
332-345-4222
7520 University Ave NE, Fridley, MN for Sale
$1,857,143 USD
Restaurant - FOR SALE
1/2
null | 7% Cap Rate

7520 University Ave NE
Fridley, MN 55432


HIGHLIGHTS

  • 20-Year Absolute Triple Net (NNN) Lease
  • Passive Investment Offering a Long-Term Security of Cash Flow
  • Attractive 1.5% Annual Rental Increases

OVERVIEW

NNN Pro Group is pleased to present the exclusive listing for a Perkins located at 7520 University Ave NE in Fridley, MN. The site consists of roughly 4,974 rentable square feet of building space on estimated 1.75-acre parcel of land. This Perkins is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The starting rent will be $130,000 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.

FOR SALE DETAILS

PRICE

$1,857,143 USD

PRICE/SF

$373 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Perkins

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.75 AC

LAND SF

76,179 SF

ZONING

-

APN/PARCEL ID

11-30-24-22-0028

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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