2220 Gleason Ct
Northfield, MN 55057
Arby's · Retail Property For Sale

Marcus & Millichap is pleased to offer the opportunity to purchase this Corporate Arby's Restaurant property located at 2220 Gleason Court in Northfield, MN. The current lease is an Absolute NNN lease with approximately five years remaining of the base term. There are no landlord responsibilities. The property was built specifically for Arby’s in 2004 and sales have been trending upward 2016-2018. The subject property is highly visible, with easy access on a signalized corner. Reported traffic counts directly in front of the property are in excess of 16,000 vehicles per day. Located in a major retail corridor, the subject property is directly across the street from Target and Cub Foods. In addition, other major retailers in the immediate area include McDonald's, Taco Bell, Pizza Hut, Menards, Aldi, Starbucks, Caribou Coffee, Big O’ Tires, Dollar Tree, Applebee’s, Walgreen’s, Perkins, Davita, Allina Health, Culver's, Wells Fargo, Casey's, Kwik Trip & Holiday Station Stores. Northfield, MN is located in the counties of Dakota and Rice and is part of the Minneapolis-Saint Paul MSA, which is the 16th largest in the United States. The city of Northfield has maintained consistent population growth through the years and is expected to continue that pattern of growth. Since early in its history, Northfield has been a center of higher education. Carleton College and Saint Olaf College, featuring combined enrollments in excess of 5,000 students, both call Northfield home, making it a college town. The location of this Arby’s, situated in a major retail corridor, on a signalized entrance across the street from Target, with an absolute NNN with Corporate Arby’s as the operator, make this an attractive investment for the buyer looking for passive income.