This Retail Property is Off-Market.

1200 West 98th Street
Bloomington, MN 55431 ·

5,000 SF · Retail For Sale

N/A

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Denny's - Absolute NNN Lease

Price N/A Cap Rate 6%
Building Size 5,000 SF Occupancy 100%
Property Type Retail Tenancy Single
Property Sub-type Restaurant Year Built 1978
Property Use Type Net Lease Investment with 2 years left on lease Lot Size 1.40 AC
Listing ID: 15322134 Date Created: 09/05/2007 Last Updated: 09/12/2007

Description

Lease Expiration - 2/5/2010
One 5-year option with 15% increase

This corporate guaranteed Denny' s is well-located on West 98th Street just off of Interstate 35W in an affluent part of Bloomington, MN. There are nearly 200,000 people living within a five mile radius with a Household Income of just over $79,000. There is also upside in a potential redevelopment of this prime location after the primary term as land comparables in the area average $53.23 per square foot.

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1200 West 98th Street, Bloomington, MN 55431 (Hennepin County)

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