720 Nelson Dr | Clearwater, MN 55320
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720 Nelson Dr
Clearwater, MN 55320
DAIRY QUEEN GRILL & CHILL - CLEARWATER · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand New 10-Year Absolute NNN Lease with Attractive 7.00% Rental Escalations Every 5 Years & In Options!
- **All DQ Locations Backing the Performance of the Lease**
- Great Visibility on MN-24 where Traffic Counts Exceed 15,590 CPD! Just East of I-94 (45,501 CPD)
- Fourteen Foods, LLC is a Multi-Unit Owner & Operator of Over 230 DQ Grill & Chill Restaurants & Dairy Queen Braziers in 13 States!
- Successfully Open & Operating Since 1984 with an Attractive 8.00% Rent to Sales Ratio! Tenant Spent Over $188,000 on Recent Remodel in 2018!
- AFFLUENT 2020 DEMOGRAPHICS (5-MI): Total Population: 7,431 | Average Household Income: $102,508
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,289 SF
Building Class
C
Year Built/Renovated
1984/2018
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.80 AC
Zoning
C-2
Parking
48 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 104-015-001052 | Improvements Assessment | $359,800 |
| Land Assessment | $309,000 | Total Assessment | $668,800 |
PROPERTY TAXES
Parcel Number
104-015-001052
Land Assessment
$309,000
Improvements Assessment
$359,800
Total Assessment
$668,800
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