520 S Riverfront Dr - Fast Food FOR SALE


Mankato, MN 56001- City Center Mankato
$2,175,000 USD
646-805-1438
520 S Riverfront Dr, Mankato, MN for Sale
$2,175,000 USD
Fast Food - FOR SALE
1/11
null | 5.57% Cap Rate

520 S Riverfront Dr
Mankato, MN 56001
City Center Mankato


HIGHLIGHTS

  • 10+ Years Remaining | Options To Extend | 1% Annual Increases | Corporate Guaranty
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Dense Retail Node | River Hills Mall (4.6M Annual Visits)
  • Minnesota State University (15,700+ Students) | Mayo Clinic Health System - Mankato
  • Signalized, Hard-Corner Intersection | Multiple Access Points |Drive-Thru Equipped
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased Arby’s investment property located in Mankato, Minnesota. The tenant, Franchise Associates, LLC (dba Arby’s), recently executed an early lease extension, bringing the remaining term to over 10 years with four (4) additional 5-year renewal options, demonstrating their long-term commitment to the site. The lease includes 1% annual rental increases throughout the current term and option periods, driving consistent NOI growth and providing a built-in hedge against inflation. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for an out-of-state or passive investor.

FOR SALE DETAILS

PRICE

$2,175,000 USD

PRICE/SF

$646 USD /SF

CAP RATE

5.57%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arby's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

B-3

APN/PARCEL ID

R01-09-18-102-007

ASK ABOUT THIS PROPERTY

Michael GrunbergSRS National Net LeaseMore Info
646-805-1438

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Michael GrunbergSRS National Net LeaseMore Info
646-805-1438

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