2707 Bridge Ave - Retail FOR SALE
Albert Lea, MN 56007 |
$2,062,000 USD
612-332-6600
2707 Bridge Ave
Albert Lea, MN 56007
HIGHLIGHTS
- Arby’s is on a NNN lease with approximately 9 years remaining on the lease and 10% increases every 5 years.
- This property is located off of I-90 with traffic counts of 15,638 vehicles per day.
- Albert Lea sits at the intersection of Interstates 35 and 90, making it a regional transportation hub for travelers.
- 5-mile population of 20,197 and 1-mile average household income of $86,682.
- The lease is signed by Franchise Associates with guaranty by RTM Restaurant Group Inc., a subsidiary of its parent company, Arby’s Restaurant Group.
FOR SALE DETAILS
PRICE
$2,062,000 USD
PRICE/SF
$589 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Arby's
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2004
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.89 AC
LAND SF
38,775 SF
ZONING
Commercial
APN/PARCEL ID
34.401.0010
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
612-332-6600
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
612-332-6600
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
