7680 10Th StOakdale, MN 55128

This exceptional investment opportunity presents a 4,990-square-foot IHOP restaurant in Oakdale, Minnesota. Boasting a 7.00% cap rate and a strong $155,000 annual net operating income (NOI), this property offers significant financial returns. The absolute NNN lease, with zero landlord responsibilities, ensures a passive income stream for 15 years, extending to October 31, 2039, with built-in rent bumps and four 5-year lease options. Situated on a 0.99-acre lot at 7680 10th St N, Oakdale, MN 55128, this single-story, 2005-built building benefits from high visibility on a major thoroughfare with over 20,000 vehicles per day. The property enjoys a prime location within a thriving retail corridor, close to major highways and benefiting from the strong demographics of Oakdale and the surrounding Woodbury submarket. This area boasts a low vacancy rate (1.4% for retail, 1% general), a population exceeding 630,000 within a 10-mile radius, and an average household income over $110,000. Its proximity to St. Paul (10 miles) and Minneapolis (20 miles) further enhances its appeal. This is a rare chance to acquire a stable, high-performing asset in a desirable location with excellent growth potential. The property's 100% occupancy and established tenant history provide exceptional security and peace of mind for investors.