This Retail Property is Off-Market.

1901 W. Highway 36 West
Roseville, MN 55113 ·

5,236 SF · Retail For Sale

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Good Earth Restaurant

Price N/A Property Use Type Net Lease Investment with 10+ years left on lease
Building Size 5,236 SF Cap Rate 8.35%
Property Type Retail Tenancy Single
Property Sub-type Restaurant
Listing ID: 16665351 Date Created: 04/28/2010 Last Updated: 06/01/2010

Description

This Good Earth Restaurant is located in Roseville, Minnesota and is being offered for sale at $1,976,050 (8.35% Cap). This NNN lease expires in 2023 and includes 12% rent increases every 5 years. This is a strong operator that has been at this location for 32 years. Exceptional location across the street from Rosedale Mall with major tenants including: Macy's, Herberger's, JC Penney, Borders, California Pizza Kitchen, Granite City, Big Bowl, Macaroni Grill and AMC Theaters. Guaranteed by Parasole Restaurant Holdings. Parasole is known for developing concepts such as Buca di Beppo, Oceonaire, Manny's, Chino Latino, Salut, Figlio's and Burger Jones. Good Earth is known for its fresh and organic ingrediants making for a hearty and healthy meal.

Parasole was founded in 1977 by Phil Roberts and Peter Mihajlov. Kevin Kuester joined the company as a partner in 2003 after working closely with Parasole for over two decades. Together they oversee operation of Parasole Restaurant Holdings, the Parasole Bakery, and Idein, LLC, a consulting service for restaurant and retail clients nationwide. Parasole is one of the industry' s premier development and management companies, known for creating restaurants with wide and enduring appeal. Unlike other restaurant holding companies, Parasole combines creative and operational expertise with proven rollout experience to shepherd concepts from inception through execution and expansion. In addition to founding and spinning off Buca di Beppo Italian restaurant and the Oceanaire Seafood Room, the company is currently preparing to expand Manny' s (rated top-five clasic NY steakhouse in America) and Chino Latino. Additional concepts include Burger Jones, Salut Bar Americain, Pittsburgh Blue Steakhouse, Muffuletta, Il Gatto, and Good Earth.

Highlights

  • Remodeled in 2008
  • Strong Store Sales
  • Operating at this location for 32 years
  • Traffic counts of 112,000 vpd on Interstate 35W & 82,000 on Hwy 36

Research

1901 W. Highway 36 West, Roseville, MN 55113 (Ramsey County)

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