KFC | 100 W Lake St
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KFC 100 W Lake St
2,425 SF Retail Building Minneapolis, MN 55408 $2,633,000 ($1,086/SF) 6% Cap Rate
Investment Highlights
- Brand New 2024 Remodel to Newest KFC Image
- 2,100,000+ Population Density within 15 miles of Subject Property
- 2023 KFC Franchisee of the Year - 135+ stores Guarantee the Subject Property Lease
Executive Summary
The subject property is located at 100 West Lake Street in Minneapolis MN. This investment is an Absolute NNN 15 Year Lease with one of the largest KFC Franchisees in
the Nation and the largest KFC franchisee in Minnesota. The Subject Property Lease is guaranteed by 135+ Stores. The subject property was completely remodeled in
2024 from a former White Castle Restaurant. The new 15 year lease provides for long term stability with 8% increases every 5 years and there are (4) 5 Year Renewal Options after the primary 15-year lease term.
the Nation and the largest KFC franchisee in Minnesota. The Subject Property Lease is guaranteed by 135+ Stores. The subject property was completely remodeled in
2024 from a former White Castle Restaurant. The new 15 year lease provides for long term stability with 8% increases every 5 years and there are (4) 5 Year Renewal Options after the primary 15-year lease term.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,425 SF
Building Class
B
Year Built/Renovated
1978/2024
Price
$2,633,000
Price Per SF
$1,086
Cap Rate
6%
NOI
$158,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.52 AC
Opportunity Zone
Yes
Zoning
C2
Parking
20 Spaces (8.25 Spaces per 1,000 SF Leased)
Frontage
162 FT on W Lake St
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
Walk Score ®
Very Walkable (89)
Bike Score ®
Biker's Paradise (97)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 34-029-24-34-0117 | Improvements Assessment | $368,000 |
| Land Assessment | $567,000 | Total Assessment | $935,000 |
PROPERTY TAXES
Parcel Number
34-029-24-34-0117
Land Assessment
$567,000
Improvements Assessment
$368,000
Total Assessment
$935,000
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KFC | 100 W Lake St
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