Log In/Sign Up
Your email has been sent.
Arby's 2707 Bridge Ave 3,500 SF Retail Building Albert Lea, MN 56007 $2,062,000 ($589.14/SF) 6% Cap Rate
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
Nearby Major Retailers
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
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Arby's | 2707 Bridge Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.