List Search

6405 N James Cir
Brooklyn Center, MN 55430 Brooklyn Center

$1,609,756

Restaurant For Sale  •  5,250 Sq Ft

Property Details

  • Property Type Restaurant
  • Total Building Size 5,250 Sq Ft
  • Lot Size 1.01 ac
  • Building Class B
  • Year Built 1996
  • Cap Rate 6.15 %
  • Tenancy Single
36 Transit Score
32 Walk Score

Description

This Denny's asset features an absolute NNN lease with approximately 6.25 years remaining.  The operator, who is an experienced Denny's franchisee with several locations, has personally guaranteed the lease.
The subject property is practically surrounded by Hotels with eight existing hotels and a 9th under construction providing a strong built-in flow of diners.
Per Costar, population counts for 2019 within five miles of the property are 302,000 with an expected population in 2024 of 314,000, which would be a growth of 3.89%.

Casey's General Store has a new location currently under construction adjacent to the property at the corner of Shingle Creek Parkway and Freeway Boulevard, demonstrating the continued desirability of the location.
The adjacent former bowling alley, is scheduled to be renovated into a new event center in 2020, per agent discussions with owner of that property

Highlights

Absolute NNN Lease
Eight Hotels in Immediate Area With a Ninth Under Construction
Densely Populated Area With 302K People Within 5 Miles (Per Costar 2019)
Direct Exposure to I-94 and 135K Vehicles Per Day
Consistent Store Sales Performance
Profitable Location

Property Flyers

Cap Rate: 6.15 %

Major Tenants

Tenant SF Occupied Lease End Date
Denny's

Amenities

  • Bus Line
  • Freeway Visibility
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Fridley Station Commuter Rail (Northstar Corridor) 6 min - 3.0 mi
Target Field Station Commuter Rail (Northstar Corridor) 14 min - 7.7 mi
AirportDriveWalkDistance
Minneapolis–Saint Paul International Airport 32 min - 19.7 mi

Parking Details

Parking Available: No
Reserved: No
Type: Covered
Included in Rent: Yes
Tom Gommels 952-852-9734 Marcus & Millichap, Inc.
Tom Gommels 952-852-9734 Marcus & Millichap, Inc.