310 1st St E | Park Rapids, MN 56470
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- LoopNet Team
310 1st St E
Park Rapids, MN 56470
Burger King · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long-Term Absolute NNN Lease with 1.25% Annual Rent Increases
- Franchisee Guarantee from Meridian Restaurants | 100+ Unit Operator
- Recently Renovated in 2018 at Tenant's Expense
- Extremely Strong Rent to Sales Ratio (Inquire with Broker)
- Additional Personal Guarantee from Principals at Meridian
- Property Features a Double Drive-Thru
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
4,291 SF
Building Class
C
Year Built/Renovated
1985/2018
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.35 AC
Zoning
Commercial
Parking
73 Spaces (17.01 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 32.79.00400 | Improvements Assessment | $556,100 |
| Land Assessment | $235,100 | Total Assessment | $791,200 |
PROPERTY TAXES
Parcel Number
32.79.00400
Land Assessment
$235,100
Improvements Assessment
$556,100
Total Assessment
$791,200
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