5625 96th Ave - Fast Food FOR SALE


Brooklyn Park, MN 55443
$3,093,750 USD
303-808-6311
5625 96th Ave, Brooklyn Park, MN for Sale
$3,093,750 USD
Fast Food - FOR SALE
1/7
null | Request Cap Rate

5625 96th Ave
Brooklyn Park, MN 55443


HIGHLIGHTS

  • Corporate-Backed 15-Year Lease 15-year absolute NNN ground lease with Raising Cane’s Restaurants, LLC.
  • Absolute NNN Structure No landlord responsibility for expenses, maintenance, roof, structure, or capital items.
  • Low Ground Rent with Growth Below-market ground rent featuring 10% rent increases every five years.
  • Certified Training Site High-performing location with strong sales and a low rent-to-sales ratio.
  • Leading QSR Brand Fast-growing restaurant operator with strong unit volumes, drive-thru performance, and brand loyalty.

OVERVIEW

Completed in 2021, this Raising Cane’s is situated on a prominent 1.85- acre parcel in Brooklyn Park, Minnesota and features a 3,384 SF modern prototype designed for high-volume efficiency, including a dual-lane drive thru configuration that maximizes throughput and operational performance. The property is secured by a 15-year absolute NNN corporate-guaranteed ground lease with Raising Cane’s Restaurants, LLC, commencing September 2, 2021 and extending through September 30, 2036, with more than 10 years of remaining lease term. The lease structure provides zero landlord responsibilities and includes 10% rent escalations every five years, delivering durable, inflation protected income backed by one of the fastest-growing quick-service restaurant brands in the United States.

FOR SALE DETAILS

PRICE

$3,093,750 USD

PRICE/SF

$914 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.85 AC

LAND SF

80,586 SF

ZONING

-

APN/PARCEL ID

09-119-21-31-0009

ASK ABOUT THIS PROPERTY

Blake TagmyerCushman & WakefieldMore Info
303-808-6311

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Blake TagmyerCushman & WakefieldMore Info
303-808-6311

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