Restaurant
Taco John's - Near University (4,135 Students)
122 3rd St W, Thief River Falls, MN 56701
Listing Price: $1,466,000
Cap Rate
6.75%
Tenant Name
Taco John's
Guarantor
Franchisee Guarantee
Rentable SF
2,466
Lease Type
Absolute Net
Rent Per Square Feet
$40.15
Investment Overview
122 3rd St W, Thief River Falls, MN
Taco John's - Near University (4,135 Students)
Investment Highlights
- Nearby Higher Education Institution: Taco John's is Less than Two Miles from Northland Community & Technical College, which Enrolls 4,135 Students.
- Absolute-Net Lease (Zero Landlord Responsibilities): A New 20-year Absolute-Net Lease will be Signed at the Close of Escrow, Featuring 1.5% Annual Increases. Store is Slated for a Remodel in 2026
- Conveniently Close to High School: Taco John's is just Two Blocks South of Lincoln High School, which Serves 567 Students and 84 Employees.
- Proximity to Cities Major Employer: Less than A Mile Away, Digi-Key Employs Over 5,000 Workers and is Renowned Globally as a Distributor of Electronic Components.
- Exceptional Visibility and Frontage: Positioned on 3rd Street West, Taco John's Enjoys Excellent Visibility with a Daily Traffic Count Surpassing 7,700 Vehicles.
- Close to Various Accommodations: Within a Two-Mile Radius, Guests can Find Quality Inn, GrandStay Hotel & Suites, AmericInn by Wyndham, and Americas Best Value Inn & Suites.
- Established Brand Recognition: Taco John's has Over 400 Locations Across 23 States, with Plans to Open 20-25 New Locations in 2024.
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $1,466,000
Cap Rate
6.75%
Tenant Name
Taco John's
Guarantor
Franchisee Guarantee
Rentable SF
2,466
Lease Type
Absolute Net
Rent Per Square Feet
$40.15
Investment Highlights
- Nearby Higher Education Institution: Taco John's is Less than Two Miles from Northland Community & Technical College, which Enrolls 4,135 Students.
- Absolute-Net Lease (Zero Landlord Responsibilities): A New 20-year Absolute-Net Lease will be Signed at the Close of Escrow, Featuring 1.5% Annual Increases. Store is Slated for a Remodel in 2026
- Conveniently Close to High School: Taco John's is just Two Blocks South of Lincoln High School, which Serves 567 Students and 84 Employees.
- Proximity to Cities Major Employer: Less than A Mile Away, Digi-Key Employs Over 5,000 Workers and is Renowned Globally as a Distributor of Electronic Components.
- Exceptional Visibility and Frontage: Positioned on 3rd Street West, Taco John's Enjoys Excellent Visibility with a Daily Traffic Count Surpassing 7,700 Vehicles.
- Close to Various Accommodations: Within a Two-Mile Radius, Guests can Find Quality Inn, GrandStay Hotel & Suites, AmericInn by Wyndham, and Americas Best Value Inn & Suites.
- Established Brand Recognition: Taco John's has Over 400 Locations Across 23 States, with Plans to Open 20-25 New Locations in 2024.
Investment Overview
122 3rd St W, Thief River Falls, MN
Exclusively Listed By
Broker of Record
Financing By
