Marcus and Millichap is proud to present a Taco Bell located in Coon Rapids, Minnesota. The subject property is a freestanding 2,016 square-foot building sitting on a .84 acre lot. There are currently over seven years remaining on the lease with four, five-year options to renew with increases in each option period. The current rent is $132,495, with an initial CAP of 6.00%. The lease calls for 10% rental increases every five years with the next bump coming due on August 31, 2017. The unit has strong store sales, outpacing the national store sales average. The lease is guaranteed by Border Foods. Border Foods is a leading franchisee of YUM! Brands fast-food restaurants, with more than 80 locations in the upper Midwest. Its outlets, found mainly in the Twin Cities area, consists mainly of Taco Bells with a small number of KFC, Long John Silver's, and Sonic locations.
15-year absolute net lease to Panera Bread in exceptional retail location. Hard corner signalized intersection with 62,000 VPD. Retailers in the immediate area include Costco, Home Depot, Target, Walgreens, and countless other national corporate retailers.
Free-standing Mattress Firm and Aspen Dental in highly desirable trade area - high income Minneapolis - St. Paul MSA suburb. Retailers in the immediate vicinity include Target, Lowe' s Home Improvement, Costco, Home Depot, Walmart Supercenter, Old Navy, Bed Bath & Beyond, TJ Maxx, Dick' s, and many more.
One of the major national used vehicle dealerships just located about 3 miles from this site so this part of the Twin Cities must be a very important aspect of the Minneapolis St. Paul Used Vehicle Market. The site we are marketing is Well Established Used Car Lot in Busy Shopping Area. The property consists of about 1/2 acres of land, most of it is blacktopped with a minimum of required green landscaping. Room for about 50 cars comfortably. The building is approximately 2763 Square Feet with about 1500 Square Feet of office which is divided into a general area and a private office with the remaining space consisting of 3 service bays that are not being used. Is currently operated as a used car lot so all information needs to be treated confidentially. Before discussing with anyone, please call listing agent as Seller would like to keep this sale as confidential as possible for competitive reasons. This location Could also be of interest to a national franchised auto repair business.
Multi Tenant office building available for owner user or investor. Current owner will sign lease for his currently occupied unit upon sale. Numbers available upon request.
Zoned community commercial this high traffic - high visibility location is perfect for a variety of businesses. The adjacent lot is currently available neighboring CorTrust Bank creating a 2 acre parcel for your next location. Business possibilities include retail, restaurant, service, professional services, health and wellness medical, daycare or any number of potential businesses.
Great High traffic location, available post auction! NO BUYERS PREMIUM! Great deal for the location and high visibility. Hard to find small lot, may be combined with adjacent lot for 2 acres.
Price Upon Req.40,450 SF
This is an outstanding self-storage opportunity in Blaine, Minnesota. Currently, the property features 6 buildings, with storage units in sizes 5x10, 10x10, 10x15, 10x20, 10x25, 10x30, and 10x40. The buildings are constructed with 14' ceilings, offering 40% more storage than competitors. Each building also has a state-of-the-art fire sprinkler system and video security. In addition to storage units, Building 1 also houses the on-site office and very nice 2 bedroom living quarters. This facility has tremendous expansion potential. There are 6 additional buildings permitted, with 3 concrete slabs already poured and most building components included for the next 6 buildings. When complete, the site will contain 12 buildings with approximately 440 units. At 95% occupancy, this will result in a gross monthly income of $71,500, using current rental rates. Current Occupancy is 90% Financing Is Available to Qualified Buyers
Income / Business
Church/School/Parsonage and Land For Sale. The Church/School Building is 24,446 square feet and the Parsonage is 1,564 square feet. Vacant site is 0.68 acres.