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2707 Bridge Ave
Albert Lea, MN 56007
Arby's · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Arby’s is on a NNN lease with approximately 9 years remaining on the lease and 10% increases every 5 years.
- Albert Lea sits at the intersection of Interstates 35 and 90, making it a regional transportation hub for travelers.
- The lease is signed by Franchise Associates with guaranty by RTM Restaurant Group Inc., a subsidiary of its parent company, Arby’s Restaurant Group.
- This property is located off of I-90 with traffic counts of 15,638 vehicles per day.
- 5-mile population of 20,197 and 1-mile average household income of $86,682.
EXECUTIVE SUMMARY
Tenant has operated at this location for 20+ years and recently extended the lease term by 10 years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
3,500 SF
Building Class
B
Year Built
2004
Price
$2,062,000
Price Per SF
$589.14
Cap Rate
6%
NOI
$123,720
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.89 AC
Zoning
Commercial
Frontage
165’ on Bridge Ave
PROPERTY TAXES
| Parcel Number | 34.401.0010 | Improvements Assessment | $474,700 |
| Land Assessment | $133,500 | Total Assessment | $608,200 |
PROPERTY TAXES
Parcel Number
34.401.0010
Land Assessment
$133,500
Improvements Assessment
$474,700
Total Assessment
$608,200
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