IHOP | Oakdale, MN | 7680 10th St N
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IHOP | Oakdale, MN 7680 10th St N
4,990 SF Retail Building Oakdale, MN 55128 $2,137,931 ($428/SF) 7.25% Cap Rate
Investment Highlights
- Absolute NNN Lease
- High-Demand Market
- Proximity to the Twin Cities
- High Visibility
- Solid Demographics
Executive Summary
Absolute NNN Lease -
This property has an absolute NNN lease with zero LL responsibilities. Investors will appreciate the annual rent bumps and 15 years of term remaining.
High Visibility -
Located along a key thoroughfare, with over 20,000 VPD, this IHOP is located in a retail-dense area with close proximity to major highways ensuring easy accessibility for the surrounding community and nearby Woodbury.
High-Demand Market -
The Woodbury submarket, known for its strong retail demand, boasts a low vacancy rate of just 1.4%, with general retail vacancies at only 1%.
Solid Demographics -
Oakdale benefits from steady population growth and favorable demographics, contributing to consistent demand in the area. The population within a 10-mile radius of the property is over 630,000 with an average household income of over $110,000.
Proximity to the Twin Cities -
It is conveniently located about 10 miles east of St. Paul and 20 east of Minneapolis. Oakdale is consistently recognized nationally as a great place to live & work. The community has great schools and is close to major employment centers.
This property has an absolute NNN lease with zero LL responsibilities. Investors will appreciate the annual rent bumps and 15 years of term remaining.
High Visibility -
Located along a key thoroughfare, with over 20,000 VPD, this IHOP is located in a retail-dense area with close proximity to major highways ensuring easy accessibility for the surrounding community and nearby Woodbury.
High-Demand Market -
The Woodbury submarket, known for its strong retail demand, boasts a low vacancy rate of just 1.4%, with general retail vacancies at only 1%.
Solid Demographics -
Oakdale benefits from steady population growth and favorable demographics, contributing to consistent demand in the area. The population within a 10-mile radius of the property is over 630,000 with an average household income of over $110,000.
Proximity to the Twin Cities -
It is conveniently located about 10 miles east of St. Paul and 20 east of Minneapolis. Oakdale is consistently recognized nationally as a great place to live & work. The community has great schools and is close to major employment centers.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,990 SF
Building Class
C
Year Built
2005
Price
$2,137,931
Price Per SF
$428
Cap Rate
7.25%
NOI
$155,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Land Acres
0.99 AC
Parking
40 Spaces (8.02 Spaces per 1,000 SF Leased)
Frontage
86 FT on 10th St
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 29-029-21-43-0087 | Improvements Assessment | $726,300 |
| Land Assessment | $625,100 | Total Assessment | $1,351,400 |
PROPERTY TAXES
Parcel Number
29-029-21-43-0087
Land Assessment
$625,100
Improvements Assessment
$726,300
Total Assessment
$1,351,400
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Brian Brisky -
Max Mantey -
Brisky Net Lease
(612) 413-4200
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IHOP | Oakdale, MN | 7680 10th St N
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