156 Tyler Rd N
Red Wing, MN 55066
Applebee's Absolute NNN Ground Lease · Retail Property For Sale

5.25 Years Remaining on NNN Ground Lease – Zero Landlord Responsibilities | Guaranteed by Apple Minnesota, LLC, a Wholly-Owned Subsidiary of Flynn Group, the Largest Applebee’s Franchisee with Over 450 Applebee’s Restaurants in 23 States
Shadow Anchored by Target | Positioned at the Signalized Intersection of Tyler Road N and US-61 (Combined VPD 25,670)
Property is an Outparcel to Red Wing Mall with ALDI, TJ Maxx, Five Below, Maurices, Red Wing Cinema 8, Dollar Tree, Fantastic Sam’s, Famous Footwear, Dunham’s Sports, Slumberland Furniture and More | Red Wing Mall has 1.2 Million Visitors per Year and is the #1 Neighborhood Center in 15 Miles in Foot Traffic per Placer.ai
The Subject Applebee’s Reports Strong and Increasing Sales per the Lease | Low Rent to Sales Ratio | Below-Market Rent of $12.34 per Square Foot
The Property has Operated as an Applebee’s Since 2003, Demonstrating an Established Customer Base and Long-Term Market Presence | This Location Ranks in the Top 30% of Applebee’s Nationwide and Top 20% Statewide in Foot Traffic per Placer.ai
Red Wing is an Affluent Bedroom Community for Minneapolis-St. Paul | Average Household Income in 1 Mile is $118,437
Red Wing is a Well-Known Mississippi River Destination Featuring Historic Downtown Attractions, Outdoor Recreation, Regional Festivals and the Nearby Treasure Island Resort & Casino, Supporting Year-Round Restaurant Demand | Treasure Island Receives 2.2 Million Visitors per Year and Ranks in the Top 3% of Hotels & Casinos in the Nation, the Top 1% in Minnesota, and is #2 Out of 43 Hotels & Casinos Within 50 Miles in Foot Traffic per Placer.ai
Red Wing is Part of the Minneapolis-St. Paul CSA, with a Trade Area of 4.19 Million Residents | Red Wing Has the Only ALDI, TJ Maxx, and Target Within 40-Minute Drive
The Twin Cities Boasts More Fortune 500 Companies per Capita than Any Other Major Metropolitan Area in the United States