Perkins | 7520 University Ave NE
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!
Perkins 7520 University Ave NE
4,974 SF Retail Building Fridley, MN 55432 $1,857,143 ($373/SF) 7% Cap Rate
Investment Highlights
- 20-Year Absolute Triple Net (NNN) Lease
- Attractive 1.5% Annual Rental Increases
- Passive Investment Offering a Long-Term Security of Cash Flow
Executive Summary
NNN Pro Group is pleased to present the exclusive listing for a Perkins located at 7520
University Ave NE in Fridley, MN. The site consists of roughly 4,974 rentable square
feet of building space on estimated 1.75-acre parcel of land. This Perkins is subject to
a 20-year absolute triple-net (NNN) lease, which will commence at the close of
escrow. The starting rent will be $130,000 and is scheduled to increase by 1.50%
annually throughout the base term and in each of the 4, 5-year renewal options.
University Ave NE in Fridley, MN. The site consists of roughly 4,974 rentable square
feet of building space on estimated 1.75-acre parcel of land. This Perkins is subject to
a 20-year absolute triple-net (NNN) lease, which will commence at the close of
escrow. The starting rent will be $130,000 and is scheduled to increase by 1.50%
annually throughout the base term and in each of the 4, 5-year renewal options.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,974 SF
Building Class
B
Year Built
1978
Price
$1,857,143
Price Per SF
$373
Cap Rate
7%
NOI
$130,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Land Acres
1.75 AC
Frontage
299 FT on NE University Ave
Amenities
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 11-30-24-22-0028 | Improvements Assessment | $641,700 |
| Land Assessment | $488,600 | Total Assessment | $1,130,300 |
PROPERTY TAXES
Parcel Number
11-30-24-22-0028
Land Assessment
$488,600
Improvements Assessment
$641,700
Total Assessment
$1,130,300
-
Power Broker Glen Kunofsky -
Edward Otocka -
Robert Stein -
NNN Pro Group
1 of 3
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Perkins | 7520 University Ave NE
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.