2535 Division StNorth Saint Paul, MN 55109

Property Details for 2535 Division St

Year built

1987

Construction

WOOD FRAME

Lot size

1.23 AC

Property size (Sq ft)

3,997 SF

Zone code

I

Property type

Turn key restaurants

APN

12-29-22-11-0083

APU

122922110083

Description

This exceptional investment opportunity presents a freestanding, single-tenant Burger King restaurant located at 2535 Division Street North in North Saint Paul, Minnesota. The property boasts 4,137 square feet on a 1.23-acre lot, situated in a high-traffic area with direct access and visibility from Highway 36. Built in 1987 and renovated in 2017, this building is in excellent condition and benefits from a long-term NNN lease with a highly reputable tenant. The current lease, expiring October 30, 2032, offers significant remaining term with two 5-year renewal options. The property features a 100% occupancy rate, generating a substantial Net Operating Income (NOI) of $92,136.84, resulting in an attractive 6.14% capitalization rate. The asking price is $1,500,000, translating to a price per square foot of $362.58. The property is zoned MU3 and has a Ramsey County APN of 12.29221.10.083. Rent is structured as the greater of $90,000 annually or 7% of gross sales, providing a strong and stable income stream. This is a rare opportunity to acquire a well-established, passively managed investment with a proven track record of success. The property's location, strong tenant, and favorable lease terms make it an ideal addition to any investment portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $1,080,258

  6.5%

  $997,161

  7%

  $925,935

• Comparable approach

  Method

  Valuation

  Relative Method

  $514,097

  Geo Method

  $514,097

• Alternative Use

  Use

  Valuation

  Residential

  $841,143

  Hospitality

  $770,482

  Educational

  $641,032

  Medical

  $663,078

  Retail

  $997,161

Location Insight

City

North St Paul

County

Ramsey

State

Minnesota

Latitude

45.0183

Longitude

-92.9856

CBSA code

33460

CBSA name

MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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