Popeyes | Oak Park Heights, MN | 13523 60th St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Popeyes | Oak Park Heights, MN 13523 60th St
5,544 SF Retail Building Oak Park Heights, MN 55082 $1,905,000 ($344/SF) 5.25% Cap Rate
Investment Highlights
- New Construction Single-Tenant Popeyes with Drive-Thru; Outparcel to The Shoppes of Oak Park Heights, a Kohl’s Anchored Neighborhood Center
- Highest Demand Retail Intersection in Submarket: At Hwy 36 and Norell Avenue with a combined traffic count of 41,000+ CPD
- Oak Park Heights is Part of the Twin Cities MSA, One of the Strongest Midwest Economies
- 20-Year Absolute NNN Ground Lease; 19 Years Remaining | 10% Increases Every 5 Years | New Construction; Latest Popeyes Prototype
- Affluent Demographics in a Sought-After Market: Located in Oak Park Heights, outside of Stillwater, a highly sought-after submarket of the Twin Cities
Executive Summary
20-Year Absolute NNN Ground Lease | 10% Increases Every 5 Years | Below Market Rent
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Fast Food
Building Size
5,544 SF
Building Class
B
Year Built
2022
Price
$1,905,000
Price Per SF
$344
Cap Rate
5.25%
NOI
$100,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Land Acres
0.88 AC
Amenities
- Signalized Intersection
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 05-029-20-21-0042 | Improvements Assessment | $0 |
Land Assessment | $498,600 | Total Assessment | $498,600 |
PROPERTY TAXES
Parcel Number
05-029-20-21-0042
Land Assessment
$498,600
Improvements Assessment
$0
Total Assessment
$498,600
1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Popeyes | Oak Park Heights, MN | 13523 60th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.