9330 NE Baltimore St - Fast Food FOR SALE


$858,472 USD
925-390-8518
9330 NE Baltimore St, Blaine, MN for Sale
$858,472 USD
Fast Food - FOR SALE
1/10
null | 5.5% Cap Rate


HIGHLIGHTS

  • Absolute NNN ground lease with zero landlord obligations
  • Corporate guarantee (345 locations nationwide)
  • Recently extended lease showing commitment to site
  • High traffic counts along Highway 65 (52,860 VPD) & nearby State Route 10 (100,600+ VPD)
  • Desirable 5-mile radius demographics - 156,431 residents with $102,802 average household income
  • Nearby Anoka County-Blaine Airport and The National Sports Center

OVERVIEW

The Kase Group is pleased to present the opportunity to purchase well established White Castle location in Blaine, Minnesota. The recently extended lease calls for zero landlord obligations and is corporately guaranteed by White Castle. The asset boasts excellent visibility and frontage along Minnesota Highway 65, which carries over 52,860 vehicles per day and serves as an important north–south highway between Minneapolis and Littlefork. The building conveniently located less than a mile from State Route 10, which carries over 100,600 vehicles per day and is recognized as a major multi-modal corridor running across the central part of the state. The site benefits from strong surrounding demographics with 204,120 residents and a $115,936 average household income within a 5-mile radius. The subject is nearby Anoka County-Blaine Airport, one of the busiest reliever airports in the Metropolitan Airports Commission and The National Sports Center, being the world's largest amateur multi-sport complex which hosts 100+ events and draws over 4 million visitors annually. In Association with ParaSell, Inc. | A Licensed Minnesota Broker #40685007

FOR SALE DETAILS

PRICE

$858,472 USD

PRICE/SF

$477 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Absolute NNN Leased White Castle

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,174 SF

ZONING

-

APN/PARCEL ID

29-31-23-43-0026

ASK ABOUT THIS PROPERTY

Jason DenhamThe Kase GroupMore Info
925-390-8518

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Jason DenhamThe Kase GroupMore Info
925-390-8518

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