6405 James Cir N
Minneapolis, MN 55430
Denny's - New 15 Year Lease · Retail Property For Sale
Investment Highlights
- Absolute NNN Lease
- Densely Populated Area With 302K People Within 5 Miles (Per Costar 2019)
- Consistent Store Sales Performance
- Eight Hotels in Immediate Area With a Ninth Under Construction
- Direct Exposure to I-94 and 135K Vehicles Per Day
- Profitable Location
Property Facts
About 6405 JAMES CIR N , MINNEAPOLIS, MN 55430
This Denny's asset features an absolute NNN lease with approximately 6.25 years remaining. The operator, who is an experienced Denny's franchisee with several locations, has personally guaranteed the lease. The subject property is practically surrounded by Hotels with eight existing hotels and a 9th under construction providing a strong built-in flow of diners. Per Costar, population counts for 2019 within five miles of the property are 302,000 with an expected population in 2024 of 314,000, which would be a growth of 3.89%. Casey's General Store has a new location currently under construction adjacent to the property at the corner of Shingle Creek Parkway and Freeway Boulevard, demonstrating the continued desirability of the location. The adjacent former bowling alley, is scheduled to be renovated into a new event center in 2020, per agent discussions with owner of that property
Property Taxes
| Parcel Number | 35-119-21-42-0012 | Improvements Assessment | $575,000 |
| Land Assessment | $441,000 | Total Assessment | $1,016,000 |
Property Taxes
