3780 Lexington Ave N - Fast Food FOR SALE


Shoreview, MN 55126
$4,957,283 USD
918-494-2690
3780 Lexington Ave N, Shoreview, MN for Sale
$4,957,283 USD
Fast Food - FOR SALE
1/3
null | 5.35% Cap Rate

3780 Lexington Ave N
Shoreview, MN 55126


HIGHLIGHTS

  • Corporate Guaranty from One of the Fastest Growing Restaurant Chains in the U.S.
  • Absolute NNN Lease with Attractive Rent Increases
  • Outparcel to Super Target in a Dense Retail Trade Area
  • Signalized Intersection Close to I-694 Interchange
  • 187,000 Residents and AHHI of $126,000 in a 5-Mile Radius

OVERVIEW

This Raising Cane's is operating under an absolute net lease that expires on October 31, 2030, with five 5-year renewal options and 10% rental increases at each option. The Property benefits from its location at the busy, signalized intersection of Lexington Avenue and Target Road less than a quarter-mile from I-694, surrounded by Super Target, Trader Joe’s, Cub Foods, Walgreens, Anytime Fitness, and many others. Shoreview, an affluent suburb of Minneapolis-St. Paul, is recognized nationally as one of the most desirable places to live, work, and do business. In Association With: Anne Perrault, MN Lic #40564077

FOR SALE DETAILS

PRICE

$4,957,283 USD

PRICE/SF

$1,820 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Raising Cane’s

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

-

APN/PARCEL ID

26-30-23-32-0014

ASK ABOUT THIS PROPERTY

Zach PoolNorthmarqMore Info
918-494-2690

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Zach PoolNorthmarqMore Info
918-494-2690

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