9330 Baltimore StBlaine, MN 55449

Property Details for 9330 Baltimore St

Year built

1997

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.06 AC

Property size (Sq ft)

1,728 SF

Property type

Commercial real estate

APN

29-31-23-43-0026

APU

293123430026

Description

This exceptional investment opportunity presents a 1,737 square foot White Castle restaurant located at 9330 Baltimore St NE, Blaine, MN 55449. The property sits on a 1.06-acre lot and benefits from an absolute NNN ground lease with a corporate guarantee from White Castle, extending until January 31, 2033 (8.2 years remaining). The lease requires zero landlord obligations. This location enjoys exceptional visibility and high traffic counts, situated along Highway 65 (52,860 vehicles per day) and near State Route 10 (100,600+ vehicles per day). The strong demographics within a 5-mile radius include 204,120 residents and an average household income of $115,936. The property's proximity to Anoka County-Blaine Airport and The National Sports Center further enhances its appeal. The property generates a Net Operating Income (NOI) of $47,216, resulting in a 5.50% cap rate. The asking price is $858,472. This is a rare opportunity to acquire a well-established, passively managed, and highly profitable investment in a prime location. No lease options are available.

• Alternative Use

  Use

  Valuation

  Residential

  $363,646

  Hospitality

  $333,098

  Educational

  $277,134

  Medical

  $286,665

  Retail

  $431,097

Location Insight

City

Blaine

County

Anoka

State

Minnesota

Latitude

45.1409

Longitude

-93.2342

CBSA code

33460

CBSA name

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

Property Tax & Assessments

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