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313 Lyndale Ave N
Faribault, MN 55021
Value-Add Arby's · Retail Property For Sale
Investment Highlights
- LOW RENT-TO-LAND BASIS / FULL ±1.00-ACRE QSR SITE – Current annual rent equates to approximately $2.30/SF of land on the main ±1.00-acre parcel
- LAND-RICH ±1.00-ACRE MAIN PARCEL – The ±4,477 SF freestanding Arby’s sits on a full ±1.00-acre parcel, providing a strong land-to-building ratio
- ESTABLISHED FARIBAULT RETAIL CORRIDOR – Nearby retailers include Walmart, Hy-Vee, Walgreens, AutoZone, O’Reilly Auto Parts, Kwik Trip, KFC, and more
- ATTRACTIVE PRICE POINT / VALUE-ADD REAL ESTATE BASIS – Short remaining lease term creates a higher-yielding entry point for investors
- SEPARATE ±0.24-ACRE AUXILIARY PARKING PARCEL – Offering includes a separate parking parcel across Fourth Street NW, adding additional land area
- CORPORATE-GUARANTEED ARBY’S / CURRENT IN-PLACE CASH FLOW – Lease is guaranteed by Arby’s Restaurant Group, Inc.
Executive Summary
Marcus & Millichap is pleased to offer for sale, the fee simple interest in an Arby’s in Faribault, MN.
The offering consists of a corporate-guaranteed, NNN-leased Arby’s located at 313 Lyndale Ave N in Faribault, Minnesota, together with a separate ±0.24 AC auxiliary parking parcel across Fourth Street NW at 1407 4th St NW. The primary restaurant parcel is improved with a single-story ±4,477 SF freestanding Arby’s built in 1993 on approximately ±1.00 AC, while the additional parking lot provides overflow parking support for the restaurant operation. The property is well positioned along Lyndale Ave N, one of Faribault’s primary commercial corridors, with visibility to 12,300+ VPD and convenient access to Hwy 60, carrying 10,850+ VPD, and I-35, carrying 33,500+ VPD. The surrounding trade area features a strong concentration of national retailers and traffic drivers, including Walmart, Hy-Vee, Walgreens, AutoZone, O’Reilly Auto Parts, KFC, Taco Bell, Burger King, Culver’s, Dairy Queen, A&W, Jersey Mike’s, Hardee’s, Casey’s, Caribou Coffee, Jimmy John’s, PetSmart, Dollar Tree, and Goodwill, reinforcing the site’s long-term retail positioning.
The offering consists of a corporate-guaranteed, NNN-leased Arby’s located at 313 Lyndale Ave N in Faribault, Minnesota, together with a separate ±0.24 AC auxiliary parking parcel across Fourth Street NW at 1407 4th St NW. The primary restaurant parcel is improved with a single-story ±4,477 SF freestanding Arby’s built in 1993 on approximately ±1.00 AC, while the additional parking lot provides overflow parking support for the restaurant operation. The property is well positioned along Lyndale Ave N, one of Faribault’s primary commercial corridors, with visibility to 12,300+ VPD and convenient access to Hwy 60, carrying 10,850+ VPD, and I-35, carrying 33,500+ VPD. The surrounding trade area features a strong concentration of national retailers and traffic drivers, including Walmart, Hy-Vee, Walgreens, AutoZone, O’Reilly Auto Parts, KFC, Taco Bell, Burger King, Culver’s, Dairy Queen, A&W, Jersey Mike’s, Hardee’s, Casey’s, Caribou Coffee, Jimmy John’s, PetSmart, Dollar Tree, and Goodwill, reinforcing the site’s long-term retail positioning.
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,477 SF
Building Class
C
Year Built
1993
Price
$1,481,481
Price Per SF
$330.91
Cap Rate
6.75%
NOI
$100,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.00 AC
Frontage
65’ on Lyndale Ave N
Amenities
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 18.36.1.50.006 | Improvements Assessment | $913,400 |
| Land Assessment | $215,900 | Total Assessment | $1,129,300 |
Property Taxes
Parcel Number
18.36.1.50.006
Land Assessment
$215,900
Improvements Assessment
$913,400
Total Assessment
$1,129,300
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