1818 S Broadway | Rochester, MN 55904
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- LoopNet Team
1818 S Broadway
Rochester, MN 55904
Perkins Restaurant · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Perkins Restaurant is a Minnesota staple, and this is now the only Perkins Restaurant in the city of Rochester allowing for 100% market share
- Perkins corporate guarantees the lease, providing substantial backing behind all lease obligations.
- many national retailers such as Walmart Supercenter, Domino’s Pizza, Michaels, Outback Steakhouse, Starbucks, Great Clips, OfficeMax, Scooter’s Coffee
- Absolute NNN lease and is responsible for all maintenance and repairs, property taxes, and insurance, allowing for hands-off ownership.
- Located within ½ a mile of 9 hotels/motels providing a built-in consumer base.
- This store ranks in the 91st percentile in Minnesota and nationally, further solidifying Perkins success and profitability at this location.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,232 SF
Building Class
C
Year Built
2003
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.09 AC
Zoning
Commercial
Parking
30 Spaces (5.73 Spaces per 1,000 SF Leased)
Frontage
229’ on Highway 63
PROPERTY TAXES
| Parcel Number | 64.11.44.008313 | Improvements Assessment | $1,210,500 |
| Land Assessment | $472,900 | Total Assessment | $1,683,400 |
PROPERTY TAXES
Parcel Number
64.11.44.008313
Land Assessment
$472,900
Improvements Assessment
$1,210,500
Total Assessment
$1,683,400
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