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2000 Vermillion St
Hastings, MN 55033 Outlying Hastings

$1,994,000 USD

Restaurant For Sale  •  5,471 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 5,471 SF
  • Lot Size 1.3 AC
  • Building Class B
  • Year Built 1996
  • Tenancy Single
0 Transit Score
48 Walk Score

Highlights

The property is occupied by a single tenant on an absolute NNN lease with zero landlord obligations, and has been operating since 1996
Applebee's is operated by Apple American Group (AAG), a subsidiary of Flynn Restaurant Group, the world's largest restaurant franchise operator
The property sits on 1.30 acres with prominent frontage along Vermillion St (Hwy 61), Hastings' primary north-south corridor carrying 29,000 VPD
Surrounded by daily-needs and high-frequency traffic drivers including Kwik Trip, Domino's, CVS, and Dollar Tree
Within a five-mile radius, average household income is nearly $120,000, which is right in line with the national average
Hastings serves as the Dakota County seat, which guarantees a consistent flow of government-related activity, jobs, and infrastructure investment

Amenities

  • Pylon Sign
  • Signage
  • Signalized Intersection

Public Transportation

AirportDriveWalkDistance
Minneapolis-St Paul International/Wold-Chamberlain 35 min - 26.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 94
Type: Surface
Included in Rent: Yes
Matt Hazelton 612-396-7723 JLL
Matt Hazelton 612-396-7723 JLL