This Retail Property is no longer advertised on LoopNet.com.

5855 Blaine Ave
Inver Grove Heights, MN 55076
Applebee's - Inver Grove Heights, MN · Retail Property For Sale

Investment Highlights

  • Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
  • 10% Increases Every 5 Years With the Next Increase Being in Less Than 2 Years
  • Long-Term Operating History; Tenant Has Been at This Site Since 1997
  • Just Under 7 Years Remaining in Initial Term
  • Apple American Group is the Largest Applebee’s Franchisee in the Nation
  • Easily Adaptable Building Which Allows For Several Alternative Uses

Property Facts

Property Type
Retail
Property Subtype
Restaurant
Building Size
5,166 SF
Building Class
B
Year Built
1997
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.49 AC
Zoning
PUD
Frontage
268’ on Blaine Ave

Property Taxes

Property Taxes

Parcel Number
20-14175-01-010
Land Assessment
$738,400
Improvements Assessment
$424,000
Total Assessment
$1,162,400
  • Listing ID: 24819775

  • Date on Market: 1/12/2022

  • Last Updated:

  • Address: 5855 Blaine Ave, Inver Grove Heights, MN 55076

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