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Popeyes | Oak Park Heights, MN 13523 60th St

5,544 SF Retail Building Oak Park Heights, MN 55082 $2,675,915 CAD ($483 CAD/SF) 5.25% Cap Rate

Retail Space Minnesota Oak Park Heights 13523 60th St, Oak Park Heights, MN 55082

Investment Highlights

  • New Construction Single-Tenant Popeyes with Drive-Thru; Outparcel to The Shoppes of Oak Park Heights, a Kohl’s Anchored Neighborhood Center
  • Highest Demand Retail Intersection in Submarket: At Hwy 36 and Norell Avenue with a combined traffic count of 41,000+ CPD
  • Oak Park Heights is Part of the Twin Cities MSA, One of the Strongest Midwest Economies
  • 20-Year Absolute NNN Ground Lease; 19 Years Remaining | 10% Increases Every 5 Years | New Construction; Latest Popeyes Prototype
  • Affluent Demographics in a Sought-After Market: Located in Oak Park Heights, outside of Stillwater, a highly sought-after submarket of the Twin Cities

Executive Summary

20-Year Absolute NNN Ground Lease | 10% Increases Every 5 Years | Below Market Rent

Property Facts

Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Fast Food
Building Size
5,544 SF
Building Class
B
Year Built
2022
Price
$2,675,915 CAD
Price Per SF
$483 CAD
Cap Rate
5.25%
NOI
$140,468 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Land Acres
0.88 AC

Amenities

  • Signalized Intersection

Links

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13523 60th St, Oak Park Heights, MN - aerial map view - Image1
13523 60th St, Oak Park Heights, MN - aerial map view - Image2
13523 60th St, Oak Park Heights, MN - aerial map view - Image3

Nearby Major Retailers

Noodles & Company
Perkins Restaurant & Bakery
Starbucks
Caribou Coffee
U.S. Bank
Applebee's
Bank of America
Kowalski's Markets
Farrell's Extreme Bodyshaping
Cub Foods

PROPERTY TAXES

Parcel Number 05-029-20-21-0042 Improvements Assessment $0 CAD
Land Assessment $698,424 CAD Total Assessment $698,424 CAD

PROPERTY TAXES

Parcel Number
05-029-20-21-0042
Land Assessment
$698,424 CAD
Improvements Assessment
$0 CAD
Total Assessment
$698,424 CAD
(844) 585-7682

  • Listing ID: 33223834

  • Date on Market: 2024-09-18

  • Last Updated:

  • Address: 13523 60th St, Oak Park Heights, MN 55082

The Retail Property at 13523 60th St, Oak Park Heights, MN 55082 is currently available For Sale. Contact Hanley Investment Group for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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13523 60th St, Oak Park Heights, MN for sale Primary Photo- Image 1 of 6
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13523 60th St, Oak Park Heights, MN for sale Site Plan- Image 2 of 6
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13523 60th St, Oak Park Heights, MN for sale Aerial- Image 3 of 6
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13523 60th St, Oak Park Heights, MN for sale Aerial- Image 4 of 6
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13523 60th St, Oak Park Heights, MN for sale Aerial- Image 5 of 6
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Popeyes | Oak Park Heights, MN | 13523 60th St
(844) 585-7682 x

Popeyes | Oak Park Heights, MN | 13523 60th St

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Jeff Lefko

(844) 585-7682

(844) 585-7682

Bill Asher

(844) 585-7684

(844) 585-7684

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