38681 Tanger Dr North Branch, MN 55056

This exceptional investment opportunity presents a fee-simple ownership of a Denny's restaurant in North Branch, Minnesota. The property boasts a 20-year absolute triple-net (NNN) lease with a highly experienced franchisee operating since 1995. The 3,318 square foot restaurant underwent a complete renovation in 2022, including interior and exterior upgrades, resulting in over 20% year-over-year sales growth. The lease includes four 5-year renewal options with a built-in inflation hedge featuring 7.5% annual rent increases every five years. Located on 0.97 acres with high visibility from Interstate 35, the property benefits from strong demographics and consistent traffic. The asking price is $1,525,000, representing a 6.50% cap rate and a $459.61 price per square foot. The current Net Operating Income (NOI) is $99,125. An adjacent buildable lot may also be available for purchase. This stabilized investment offers passive income with minimal landlord responsibilities, making it an attractive addition to any portfolio. The property's strong performance, long-term lease, and built-in rent increases provide a secure and profitable investment opportunity. The restaurant is currently operating at 100% occupancy. The building was originally constructed in 1999.