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623 W Washington St
Brainerd, MN 56401
Perkins Restaurant and Bakery · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Brand New, 20-Year Absolute Triple Net (NNN) Lease
  • Attractive Rental Increases of 1.50% Annually
  • Strong Traffic Counts | West Washington Street & MN-371| Averages 21,000 & 23,600 Vehicles Per Day Respectively
  • Passive Investment Offering a Long-Term Security of Cash Flow
  • One (1), Five (5)-Year Tenant Renewal Options
  • Compelling Location Fundamentals | Within a Five-Mile Radius of Three of Minnesota’s Best Waterparks

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
5,930 SF
Building Class
C
Year Built
1990
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.19 AC

AMENITIES

  • Pylon Sign
  • Restaurant
  • Signage

ABOUT 623 W WASHINGTON ST , BRAINERD, MN 56401

The subject property is situated on West Washington Street, which boasts an average daily traffic count exceeding 21,019 vehicles. West Washington Street interests with MN-371, which brings an additional 23,667 vehicles into the immediate area daily. There are more than 19,176 individuals residing within a three-mile radius of the subject property and more than 27,084 individuals within a five-mile radius of the property. The property is well positioned in a dense retail corridor with many national and local tenants, shopping centers, car dealerships and hospitality accommodations all within immediate proximity to the site. Major national tenants include: Costco, Home Depot, Best Buy, Target, OfficeMax, Kohl’s, Dunham’s Sports, GNC, Big Lots, Dollar Tree, Burger King, Subway, Domino’s Pizza, Wendy’s, Pizza Hut, Taco Bell, as well as several others. This Perkins benefits from being located less than a mile and a half from Central Lakes College, a two-year community and technical college, with a total enrollment exceeding 2,020 students. The subject property is located within a five-mile radius of all three of Brainerd’s waterparks. Brainerd is home to three of the best Minnesota waterparks, most notable being Paul Bunyan Waterpark & Recreation Center, a 30,000-sqft indoor waterpark. Brainerd is a city in and the county seat of Crow Wing, Minnesota and is one of the largest cities in Central Minnesota. Brainerd straddles the Mississippi River several miles upstream from its confluence with the Crow Wing River, having been founded as a site for a railroad crossing above said confluence. Brainerd is the principal city of the Brainerd Micropolitan Area, a micropolitan area covering Cass and Crow Wing counties. The Brainerd area serves as a major tourist destination for Minnesota. Brainerd is the home to one of five medevac helicopter flight stations in the state for "AirCare," operated by North Memorial Medical Center in Robbinsdale, a Level 1 Trauma Center. This station covers the central part of Minnesota. Brainerd is situated in the heart of lake country with a booming retail district and several well-known attractions. These attractions include the Brainerd International Raceway, North Central Speedway, Paul Bunyan Land Amusement Park, Safari North Wildlife Park and many more. The Brainerd International Raceway, hosts races frequently throughout the year and has a national drag racing meet annually in August.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
09198046001P009
Land Assessment
$373,900
Improvements Assessment
$363,300
Total Assessment
$737,200
  • Listing ID: 17811899

  • Date on Market: 11/25/2019

  • Last Updated:

  • Address: 623 W Washington St, Brainerd, MN 56401

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