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Burger King | North St. Paul, MN 2535 Division St N 3,997 SF Retail Building North Saint Paul, MN 55109 $1,674,998 ($419.06/SF) 7% Cap Rate
Investment Highlights
- Absolute NNN Investment Opportunity
- Long-Term Tenant with Large Franchisee Operator
- Strong Demographics
- High-Growth Store with Percentage Rent Structure
- Spacious Lot with Drive-Thru, Prime Visibility & Access
- Tenant Report Sales
Executive Summary
Absolute NNN Investment Opportunity -
Zero landlord responsibilities with a long-term, stable tenant and over 6 years remaining on the lease.
High-Growth Store with Percentage Rent Structure -
Inflation-resistant percentage rent structure providing maximum upside potential, with a high-growth store showing strong 12-month trends.
Long-Term Tenant with Large Franchisee Operator -
Burger King has been successfully operating at this location for over 36 years. Location is managed by Dhanani Group, the 3rd largest operator in the brand system with 550+ locations.
Prime Visibility & Access -
Strategically positioned directly off Highway 36, this property benefits from high exposure to 37,000+ vehicles daily, ensuring maximum visibility for customers. With easy access to major highways, the property is well-connected to the broader Twin Cities metro area, offering convenience for both customers and employees.
Spacious Lot with Drive-Thru -
The property sits on a 1.23-acre lot, providing ample space for customer parking as well as a drive-thru lane to enhance its convenience.
Strong Demographics -
The property is located in an area with consistent population growth and strong demographics, with a 5-mile population of over 175,000 and an average household income of over $109,000.
Tenant Report Sales -
Annual sales reporting provided by the tenant.
Zero landlord responsibilities with a long-term, stable tenant and over 6 years remaining on the lease.
High-Growth Store with Percentage Rent Structure -
Inflation-resistant percentage rent structure providing maximum upside potential, with a high-growth store showing strong 12-month trends.
Long-Term Tenant with Large Franchisee Operator -
Burger King has been successfully operating at this location for over 36 years. Location is managed by Dhanani Group, the 3rd largest operator in the brand system with 550+ locations.
Prime Visibility & Access -
Strategically positioned directly off Highway 36, this property benefits from high exposure to 37,000+ vehicles daily, ensuring maximum visibility for customers. With easy access to major highways, the property is well-connected to the broader Twin Cities metro area, offering convenience for both customers and employees.
Spacious Lot with Drive-Thru -
The property sits on a 1.23-acre lot, providing ample space for customer parking as well as a drive-thru lane to enhance its convenience.
Strong Demographics -
The property is located in an area with consistent population growth and strong demographics, with a 5-mile population of over 175,000 and an average household income of over $109,000.
Tenant Report Sales -
Annual sales reporting provided by the tenant.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,997 SF
Building Class
B
Year Built/Renovated
1987/2017
Price
$1,674,998
Price Per SF
$419.06
Cap Rate
7%
NOI
$117,250
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.23 AC
Parking
17 Spaces (4.25 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (70)
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-29-22-11-0083 | Improvements Assessment | $700,300 |
| Land Assessment | $645,000 | Total Assessment | $1,345,300 |
Property Taxes
Parcel Number
12-29-22-11-0083
Land Assessment
$645,000
Improvements Assessment
$700,300
Total Assessment
$1,345,300
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Burger King | North St. Paul, MN | 2535 Division St N
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