Historical Retail Sale Listing - Denny's - Absolute NNN Lease

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Denny's - Absolute NNN Lease

1200 West 98th Street, Bloomington, MN 55431

N/A

5,000 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
5,000 SF
Property Type:
Retail
Property Sub-type:
Restaurant
Property Use Type:
Net Lease Investment with
2 years left on lease
Cap Rate:
6%
Occupancy:
100%
Tenancy:
Single
Year Built:
1978
Lot Size:
1.40 AC
Listing ID
15322134
Last Updated
over 1 year ago

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.

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

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