Fast Food For Sale • 5,544 SF
New Construction Single-Tenant Popeyes with Drive-Thru; Outparcel to The Shoppes of Oak Park Heights, a Kohl’s Anchored Neighborhood Center |
20-Year Absolute NNN Ground Lease; 19 Years Remaining | 10% Increases Every 5 Years | New Construction; Latest Popeyes Prototype |
Highest Demand Retail Intersection in Submarket: At Hwy 36 and Norell Avenue with a combined traffic count of 41,000+ CPD |
Affluent Demographics in a Sought-After Market: Located in Oak Park Heights, outside of Stillwater, a highly sought-after submarket of the Twin Cities |
Oak Park Heights is Part of the Twin Cities MSA, One of the Strongest Midwest Economies |
Cap Rate: | 5.25 % |
Airport | Drive | Walk | Distance |
---|---|---|---|
Minneapolis-St Paul International/Wold-Chamberlain | 38 min | - | 27.5 mi |