Denny's | 6405 James Cir N
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Denny's 6405 James Cir N
5,250 SF Retail Building Minneapolis, MN 55430 $1,250,000 ($238/SF) 8.50% Cap Rate
Investment Highlights
- As of November 2nd, 2024, the Brooklyn Center City Council approved transformative master plans for a reimagined ±80-acre downtown redevelopment
- The property is strategically located in a densely populated area with a 5-mile radius encompassing 310,019 people.
- The tenant, a seasoned operator, currently operates multiple other locations throughout Minnesota.
- The redevelopment aims to position downtown Brooklyn Center as a central hub for the surrounding community.
- Situated along I-694, one of the busiest thoroughfares in the region, the property benefits from over ±134,000 vehicles passing daily, providing excep
- The lease is structured as an Absolute NNN, ensuring that the tenant is responsible for all property-related expenses including taxes, insurance
Executive Summary
Broker of Record
Kurt Sauer
License No. 40841922 (MN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
701 Xenia Ave S,
Ste 485 Minneapolis MN 55416
Kurt Sauer
License No. 40841922 (MN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
701 Xenia Ave S,
Ste 485 Minneapolis MN 55416
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,250 SF
Building Class
B
Year Built
1996
Price
$1,250,000
Price Per SF
$238
Cap Rate
8.50%
NOI
$106,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.01 AC
Opportunity Zone
Yes
Parking
63 Spaces (7.62 Spaces per 1,000 SF Leased)
Frontage
98 FT on N James Cir
Amenities
- Bus Line
- Freeway Visibility
- Restaurant
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 35-119-21-42-0012 | Improvements Assessment | $575,000 |
| Land Assessment | $441,000 | Total Assessment | $1,016,000 |
PROPERTY TAXES
Parcel Number
35-119-21-42-0012
Land Assessment
$441,000
Improvements Assessment
$575,000
Total Assessment
$1,016,000
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Denny's | 6405 James Cir N
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