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Former Pizza Hut 956 S Lake St 3,200 SF Retail Building Forest Lake, MN 55025 $697,000 ($217.81/SF)
Investment Highlights
- Strong Traffic Exposure
- High-Visibility Location
- Growing Twin Cities Market
- Excellent Owner-User Opportunity
- Adaptable Floor Plan
- Established Retail Corridor
Executive Summary
Located along the primary commercial corridor in Forest Lake, Minnesota, 956 Lake St S presents an exceptional value-add opportunity to acquire a freestanding former Pizza Hut restaurant. The property offers excellent visibility, convenient access, and a highly adaptable layout suitable for a variety of retail, restaurant, or service-oriented uses. Positioned within an established commercial trade area with strong surrounding retail, this asset is well suited for owner-users, developers, or investors seeking a redevelopment or repositioning opportunity in the growing Twin Cities market.
This former Pizza Hut location held 27,400 annual visits from 15,100 unique visitors over the past 12 months of operation with estimated annual sales of approximately $762,300 and an average ticket size of $32.30. Historically, the business generated 30,000+ annual visits during prior operating years, demonstrating consistent customer traffic. 956 S Lake St ranked #1 among Pizza Hut locations within a 15-mile radius, highlighting the site’s strong position within the local trade area. Ranked 29th of 49 Pizza Hut locations in Minnesota.
This former Pizza Hut location held 27,400 annual visits from 15,100 unique visitors over the past 12 months of operation with estimated annual sales of approximately $762,300 and an average ticket size of $32.30. Historically, the business generated 30,000+ annual visits during prior operating years, demonstrating consistent customer traffic. 956 S Lake St ranked #1 among Pizza Hut locations within a 15-mile radius, highlighting the site’s strong position within the local trade area. Ranked 29th of 49 Pizza Hut locations in Minnesota.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,200 SF
Building Class
B
Year Built
1979
Price
$697,000
Price Per SF
$217.81
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.67 AC
Parking
40 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
54’ on Lake St
Amenities
- Pylon Sign
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 08-032-21-43-0011 | Improvements Assessment | $220,500 |
| Land Assessment | $190,000 | Total Assessment | $410,500 |
Property Taxes
Parcel Number
08-032-21-43-0011
Land Assessment
$190,000
Improvements Assessment
$220,500
Total Assessment
$410,500
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Former Pizza Hut | 956 S Lake St