For Sale
$3,150,000

1920 Adams St Mankato, MN 56001

High-Demand QSR Portfolio, 6.25% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a fully occupied, three-tenant retail property situated on a 1.18-acre lot in Mankato, Minnesota. The 7,480 square foot building, constructed in 1996, boasts a strong lineup of nationally recognized quick-service restaurants: Five Guys, Jersey Mike's Subs, and Noodles & Company. This triple-net (NNN) leased property offers a secure investment with a current Net Operating Income (NOI) of $197,086 and a compelling 6.25% capitalization rate. The property's prime location at 1920 Adams St, Mankato, MN 56001, a block from County Highway 14, ensures high visibility and convenient access for customers. The property benefits from its position near County Road 22, providing excellent exposure to significant traffic flow. Mankato's thriving retail market, including a major regional mall, further enhances the property's value and potential for long-term growth. This is a rare opportunity to acquire a well-established, high-performing retail portfolio in a desirable location with a proven track record of success. The 100% occupancy rate underscores the strength of the tenant mix and the property's enduring appeal to consumers. This investment offers a stable income stream and significant potential for future appreciation. The asking price for this exceptional property is $3,150,000.

Highlights

  • $3,150,000 asking price for a triple-net (NNN) leased retail property.
  • 7,480 square feet on a 1.18-acre lot in Mankato, Minnesota.
  • 100% occupancy with three national tenants: Five Guys, Jersey Mike's, and Noodles & Company.
  • 6.25% cap rate with a $197,086 net operating income (NOI).
  • Built in 1996.

Property Details for 1920 Adams St

Property type
Retail properties
Square Feet
7,480 SF
Year Built
1996
Lot Size (sq. ft)
51,401 SF

Location Insight

City
Mankato
County
Blue Earth
State
Minnesota
Latitude
44.1709555
Longitude
-93.9470595
1920 Adams St, Mankato, Minnesota

FAQs

What type of property is this?
Retail property - High-Demand QSR Portfolio, 6.25% Cap Rate
Where is the retail property located?
The property is located at 1920 Adams St Mankato, MN.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: $3,150,000 asking price for a triple-net (NNN) leased retail property.; 7,480 square feet on a 1.18-acre lot in Mankato, Minnesota.; 100% occupancy with three national tenants: Five Guys, Jersey Mike's, and Noodles & Company.
How can I contact the broker?
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1920 Adams St
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