2000 Vermillion St - Restaurant FOR SALE
Hastings, MN 55033 |
2000 Vermillion St
Hastings, MN 55033
HIGHLIGHTS
- The property is occupied by a single tenant on an absolute NNN lease with zero landlord obligations, and has been operating since 1996
- Applebee's is operated by Apple American Group (AAG), a subsidiary of Flynn Restaurant Group, the world's largest restaurant franchise operator
- The property sits on 1.30 acres with prominent frontage along Vermillion St (Hwy 61), Hastings' primary north-south corridor carrying 29,000 VPD
- Surrounded by daily-needs and high-frequency traffic drivers including Kwik Trip, Domino's, CVS, and Dollar Tree
- Within a five-mile radius, average household income is nearly $120,000, which is right in line with the national average
- Hastings serves as the Dakota County seat, which guarantees a consistent flow of government-related activity, jobs, and infrastructure investment
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Applebee's
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
5471
STORIES
1
YEAR BUILT
1996
SPRINKLERS
-
PARKING SPACES
94
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
19-81700-02-030,19-81700-02-053
