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2707 Bridge Ave
Albert Lea, MN 56007

$2,062,000 USD

General Retail For Sale  •  3,500 SF

Property Details

  • Property Type General Retail
  • Total Building Size 3,500 SF
  • Lot Size 0.89 AC
  • Building Class B
  • Year Built 2004
  • Cap Rate 6.00 %
  • Tenancy Single
  • Zoning Commercial
0 Transit Score
42 Walk Score

Highlights

Arby’s is on a NNN lease with approximately 9 years remaining on the lease and 10% increases every 5 years.
This property is located off of I-90 with traffic counts of 15,638 vehicles per day.
Albert Lea sits at the intersection of Interstates 35 and 90, making it a regional transportation hub for travelers.
5-mile population of 20,197 and 1-mile average household income of $86,682.
The lease is signed by Franchise Associates with guaranty by RTM Restaurant Group Inc., a subsidiary of its parent company, Arby’s Restaurant Group.

Property Flyers

Cap Rate: 6.00 %
Keith Sturm 612-332-6600 Upland Real Estate Group, Inc.
Keith Sturm 612-332-6600 Upland Real Estate Group, Inc.