956 S Lake St - Restaurant FOR SALE


Forest Lake, MN 55025- Washington Far Eastern Suburbs
$697,000 USD
310-857-8766
956 S Lake St, Forest Lake, MN for Sale
$697,000 USD
Restaurant - FOR SALE
1/1
null | Request Cap Rate


HIGHLIGHTS

  • Strong Traffic Exposure
  • Excellent Owner-User Opportunity
  • High-Visibility Location
  • Adaptable Floor Plan
  • Growing Twin Cities Market
  • Established Retail Corridor

OVERVIEW

Located along the primary commercial corridor in Forest Lake, Minnesota, 956 Lake St S presents an exceptional value-add opportunity to acquire a freestanding former Pizza Hut restaurant. The property offers excellent visibility, convenient access, and a highly adaptable layout suitable for a variety of retail, restaurant, or service-oriented uses. Positioned within an established commercial trade area with strong surrounding retail, this asset is well suited for owner-users, developers, or investors seeking a redevelopment or repositioning opportunity in the growing Twin Cities market. This former Pizza Hut location held 27,400 annual visits from 15,100 unique visitors over the past 12 months of operation with estimated annual sales of approximately $762,300 and an average ticket size of $32.30. Historically, the business generated 30,000+ annual visits during prior operating years, demonstrating consistent customer traffic. 956 S Lake St ranked #1 among Pizza Hut locations within a 15-mile radius, highlighting the site’s strong position within the local trade area. Ranked 29th of 49 Pizza Hut locations in Minnesota.

FOR SALE DETAILS

PRICE

$697,000 USD

PRICE/SF

$218 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Former Pizza Hut

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

-

APN/PARCEL ID

08-032-21-43-0011

ASK ABOUT THIS PROPERTY

Sam GordonAiCRE PartnersMore Info
310-857-8766

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Sam GordonAiCRE PartnersMore Info
310-857-8766

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