Brooklyn Park, Minnesota, offers a unique opportunity for investors to capitalize on the city's growing demand for restaurants. With a population of approximately 90,000 residents, Brooklyn Park presents a diverse demographic makeup, making it an attractive location for restaurants catering to various tastes and preferences. Restaurants in Brooklyn Park can represent a range of investments, from casual eateries to fine dining establishments, and can be situated in various locations, including downtown areas,shopping centers, and along major highways. The city's extensive park system, including 67 parks and 47 miles of trails, provides a scenic backdrop for restaurants with outdoor seating areas. Additionally, Brooklyn Park's educational institutions, such as Rasmussen University and North Hennepin Community College, contribute to a steady stream of customers. The city's location on the west bank of the Mississippi River, with easy access to Interstates 94 and 694, makes it an ideal spot for restaurants catering to commuters and travelers. Notable companies, such as Medtronic and Target Corporation, also have a presence in Brooklyn Park, providing a potential customer base for restaurants.
Currently, there are 5 restaurants for sale in Brooklyn Park, offering a range of options for investors. The average price per square foot for restaurants in Brooklyn Park is $302 USD, with an average size of 8,508 square feet. The largest restaurant available for sale is 16,500 square feet. In addition to restaurants, Brooklyn Park also offers opportunities for investment in apartment buildings, shopping centers, specialty properties, and hotels. Apartment buildings in Brooklyn Park can provide a steady stream of rental income, while shopping centers offer a mix of retail and dining options. Specialty properties, such as office buildings and warehouses, can cater to the city's growing business sector. Hotels in Brooklyn Park can capitalize on the city's tourist attractions, including the historic Eidem Homestead and the Mississippi Gateway Regional Park. Overall, Brooklyn Park presents a diverse range of investment opportunities, making it an attractive location for investors looking to capitalize on the city's growth and development.
What is the average cost per square foot for a restaurant in Brooklyn Park?
The average cost per square foot for a restaurant in Brooklyn Park is $302 USD per square foot, with an average size of 8,508 square feet and a largest size of 16,500 square feet, among the 5 available listings.
What factors determine the value of a restaurant for sale in Brooklyn Park?
The value of a restaurant for sale in Brooklyn Park is determined by several factors, including:
- Location, with proximity to major transportation routes like Interstates 94 and 694, U.S. Route 169, and State Highways 252 and 610, as well as accessibility to local amenities like parks and educational institutions, influencing foot traffic and customer base;
- Property characteristics, such as the average price per square foot of $302 USD, average size of 8,508 square feet, and largest size of 16,500 square feet, which impact operational costs and revenue potential;
- Financial performance, including the average cap rate of 7%, which indicates the restaurant's ability to generate income and attract investors, as well as the number of available listings, currently at 5, which affects supply and demand in the market.
