8156 Highway 65Minneapolis, MN 55432

Property Details for 8156 Highway 65

Year built

1976

Construction

WOOD FRAME

Lot size

0.71 AC

Property size (Sq ft)

2,048 SF

Property type

Commercial real estate

APN

01-30-24-24-0013

APU

13024240013

Description

This exceptional investment opportunity presents a freestanding Pizza Hut restaurant located at 8156 Hwy 65 NE, Minneapolis, MN 55432, in Anoka County. The property, built in 1976, sits on a 0.71-acre lot and encompasses 2,048 square feet. Currently operating under a single-tenant, absolute NNN lease with Pizza Hut, the lease has a remaining term of 6.1 years, expiring December 31, 2030, and includes a 5-year option. The property boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $61,200, resulting in a 4.50% cap rate. The asking price is $1,360,000, translating to $664.06 per square foot. This location benefits from high daily traffic counts and favorable traffic patterns, situated in a high-growth area with numerous retail and non-retail traffic drivers. The property's strong performance and long-term lease make it an attractive investment prospect. The sale is offered by the owner. This is a rare opportunity to acquire a well-established, high-performing Pizza Hut location with significant upside potential.

• Alternative Use

  Use

  Valuation

  Residential

  $430,988

  Hospitality

  $394,783

  Educational

  $328,455

  Medical

  $339,751

  Retail

  $510,930

Location Insight

City

Spring Lake Park

County

Anoka

State

Minnesota

Latitude

45.1161

Longitude

-93.2419

CBSA code

33460

CBSA name

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

Property Tax & Assessments

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