Absolute NNN Leased White Castle | 9330 NE Baltimore St
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Absolute NNN Leased White Castle 9330 NE Baltimore St
1,737 SF Retail Building Blaine, MN 55449 $858,472 ($494/SF) 5.50% Cap Rate
Investment Highlights
- Absolute NNN ground lease with zero landlord obligations
- Recently extended lease showing commitment to site
- Desirable 5-mile radius demographics - 156,431 residents with $102,802 average household income
- Corporate guarantee (345 locations nationwide)
- High traffic counts along Highway 65 (52,860 VPD) & nearby State Route 10 (100,600+ VPD)
- Nearby Anoka County-Blaine Airport and The National Sports Center
Executive Summary
The Kase Group is pleased to present the opportunity to purchase well
established White Castle location in Blaine, Minnesota. The recently extended
lease calls for zero landlord obligations and is corporately guaranteed by
White Castle. The asset boasts excellent visibility and frontage along
Minnesota Highway 65, which carries over 52,860 vehicles per day and
serves as an important north–south highway between Minneapolis and
Littlefork. The building conveniently located less than a mile from State Route
10, which carries over 100,600 vehicles per day and is recognized as a major
multi-modal corridor running across the central part of the state. The site
benefits from strong surrounding demographics with 204,120 residents and a
$115,936 average household income within a 5-mile radius. The subject is
nearby Anoka County-Blaine Airport, one of the busiest reliever airports in the
Metropolitan Airports Commission and The National Sports Center, being the
world's largest amateur multi-sport complex which hosts 100+ events and
draws over 4 million visitors annually.
In Association with ParaSell, Inc. | A Licensed
Minnesota Broker #40685007
established White Castle location in Blaine, Minnesota. The recently extended
lease calls for zero landlord obligations and is corporately guaranteed by
White Castle. The asset boasts excellent visibility and frontage along
Minnesota Highway 65, which carries over 52,860 vehicles per day and
serves as an important north–south highway between Minneapolis and
Littlefork. The building conveniently located less than a mile from State Route
10, which carries over 100,600 vehicles per day and is recognized as a major
multi-modal corridor running across the central part of the state. The site
benefits from strong surrounding demographics with 204,120 residents and a
$115,936 average household income within a 5-mile radius. The subject is
nearby Anoka County-Blaine Airport, one of the busiest reliever airports in the
Metropolitan Airports Commission and The National Sports Center, being the
world's largest amateur multi-sport complex which hosts 100+ events and
draws over 4 million visitors annually.
In Association with ParaSell, Inc. | A Licensed
Minnesota Broker #40685007
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,737 SF
Building Class
B
Year Built
1997
Price
$858,472
Price Per SF
$494
Cap Rate
5.50%
NOI
$47,216
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Land Acres
1.06 AC
Parking
20 Spaces (11.51 Spaces per 1,000 SF Leased)
Frontage
146 FT on NE Baltimore St
Amenities
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 29-31-23-43-0026 | Improvements Assessment | $336,000 |
| Land Assessment | $416,200 | Total Assessment | $752,200 |
PROPERTY TAXES
Parcel Number
29-31-23-43-0026
Land Assessment
$416,200
Improvements Assessment
$336,000
Total Assessment
$752,200
-
Jason Denham -
The Kase Group
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Absolute NNN Leased White Castle | 9330 NE Baltimore St
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