21 W Depot St
Litchfield, MN 55355
Burger King · Retail Property For Sale

Marcus & Millichap is pleased to exclusively offer for sale this +/- 3,400 square foot Burger King restaurant situated on +/- 0.95 acres of land in Litchfield, Minnesota. The subject property sits on the corner of US-12 (West Depot Street) and North Sibley Avenue, and features abundant on-site parking. National retailers in the surrounding area include: Sear’s, Wells Fargo, Family Dollar, U-Haul, and Center National Bank. Approximately 16.4 years remain on the absolute net lease with a 1.0% annual rent increase and four, five-year renewal options. The tenant entity is NDM Restaurants, LLC a Utah limited liability company. The lease is franchise guaranteed by Meridian Restaurants Unlimited, LLC a Utah limited liability company, and includes a personal guaranty from Stephen Ralson and David Harper, the owners of Meridian Restaurants Unlimited, LLC. Meridian Restaurants Unlimited, LLC currently operate 137 restaurants total across 11 states, with 114 being Burger King restaurants. Litchfield is the county seat of Meeker County, situated about 60 miles west of Minneapolis on US-12 just north of Lake Ripley. The city features excellent schools and businesses as well as many recreational and leisure activities. The population within a three-mile radius of the subject property is reported at 7,978 with an Average Household Income of $75,981.