1200 Interstate Highway 35 | Owatonna, MN 55060
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- LoopNet Team
1200 Interstate Highway 35
Owatonna, MN 55060
Corporate Perkins Restaurant & Bakery · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- This Perkins Restaurant & Bakery property includes a 10 year lease extension commencing 4-1-20 with 1.75% annual rent increases.
- The property is visible off Interstate 35 which has a high traffic count of over 34,000 vehicles per day.
- Owatonna is the county seat of Steele County. It is an economic center of Southern Minnesota, with diverse industries.
- This property is a CORPORATE lease. Founded in 1958, the Perkins system consist of 342 Perkins Restaurants in 32 states.
- In 2017 the property had a complete remodel, valued at $250,000. The roof was also replaced within the last 5 years.
- Pick-up orders currently available at this location
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,959 SF
Building Class
C
Year Built
1977
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.16 AC
Parking
78 Spaces
ABOUT 1200 INTERSTATE HIGHWAY 35 , OWATONNA, MN 55060
This Perkins Restaurant & Bakery is located on off of Interstate 35 located adjacent to the Walmart Supercenter and just north of the Old U.S. 14. Traffic counts along this road average 14,800 vehicles per day, while the Interstate-35 see about 34,000 vehicles daily. Owatonna is located in Steele County, Minnesota. It is the county seat of Steele County and is home to the County Fairgrounds, which hosts the Steele County Free Fair which is held in August.
PROPERTY TAXES
| Parcel Number | 17-301-0101 | Improvements Assessment | $313,200 |
| Land Assessment | $325,500 | Total Assessment | $638,700 |
PROPERTY TAXES
Parcel Number
17-301-0101
Land Assessment
$325,500
Improvements Assessment
$313,200
Total Assessment
$638,700
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