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- LoopNet Team
6529 Penn Ave
Minneapolis, MN 55423
STNL - DUNKIN' · Retail Property For Sale
Property Facts
Amenities
- Drive Thru
About 6529 PENN AVE , MINNEAPOLIS, MN 55423
The subject property is a single tenant Dunkin' restaurant located at 6529 Penn Avenue South in Richfield, Minnesota. Construction of the 1,995 sf building, with drive through window and outdoor patio, was just completed. The 15 year, absolute net lease commenced in October 2018. Richfield is a first tier, south Minneapolis suburb. There are 15,800 residents living within 1 mile of this Dunkin' with average annual household incomes exceeding $85,000. The intersection of Penn Avenue South and West 66th Street has a reported traffic count of 32,000 vehicles per day. Dunkin' is the world's leading baked goods and coffee chain operating 8,500 locations in the United States. The lease is executed by Legacy Concepts, LLC - a growing, exclusive area franchisee. The lease is personally guaranteed.
Property Taxes
| Parcel Number | 28-028-24-23-0137 | Improvements Assessment | $768,000 |
| Land Assessment | $477,000 | Total Assessment | $1,245,000 |
Property Taxes
