1900 Adams St
Mankato, MN 56001
Applebee's: Mankato, MN · Retail Property For Sale

The CBRE Net Lease Property Group is pleased to exclusively offer a 5,443-square-foot freestanding Applebee’s situated on 1.31 acres in Mankato, Minnesota (MSA Population: 101,893). Built in 1994, Applebee’s absolute net lease has ±10.5 years of primary term remaining with 10% rent increases every 5 years throughout the initial term. The property is ideally positioned with excellent access and visibility at the intersection of Adams Street (Traffic Count: 10,200 VPD) and MN-22 (Traffic Count: 18,600 VPD), less than 1 mile from US-14 (Traffic Count: 20,700 VPD). The property is immediately adjacent to Five Guys, Jersey Mike’s Subs, AAA, Office Depot and Hy-Vee, while the remaining corners are occupied by Best Buy, Olive Garden, Party City, Holiday StationStores and McDonald’s. The immediate corridor is highlighted by the presence of River Hills Mall, an 814,000-square-foot shopping mall that is anchored by Barnes & Noble, Herberger’s, JCPenney, Scheels All Sports and Target and tenanted by Cinemark, ULTA, GNC, Finish Line, GameStop, Caribou Coffee and Subway, to name a few. The property is located within Mankato’s robust retail and commercial corridor with 4.7 MSF of retail, 1.6 MSF of office, 2.3 MSF of industrial and 5,669 multifamily units within a 3-mile radius.