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Restaurant

Wendy's

1899 Perimeter Drive, Roseville, MN 55113

Listing Price: $1,068,000

Cap Rate
5.50%
Tenant Name
Wendy's
Gross SF
2,962
Guarantor
Franchisee Guarantee
Rentable SF
2,962
Price/Gross SF
$360.57
Lease Type
Absolute Net
Rent Per Square Feet
$19.82

Investment Overview

This Wendy's is a freestanding 2,962 square foot restaurant situated 0.77 acres of land. The lease is with HAZA Foods, LLC a 380 unit multi-state Wendy's franchisee and is absolute triple net with zero landlord responsibilities. This subject property is strategically located near to Rosedale Center which is a +/-1.14 million-square-foot regional shopping mall and retail hub. Roseville is part of the central Minneapolis/St. Paul metroplex, located approximately 9 miles north of Downtown St. Paul. This Wendy's is located less than a mile north of the University of Minnesota. Various national brand restaurants including: Applebee's, Starbucks, Raising Cane's Chicken Fingers, Chili's Grill & Bar, Red Lobster and more are located in the surrounding area.

Investment Highlights

  • 10 years remaining on Absolute NNN lease with experienced franchisee operator with 380+ units
  • Attractive 10% rent increases every 5 years
  • Reported population of 85,501 residents with an Average Household Income of $99,330 within a 3-mile radius

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Listing Price: $1,068,000

Cap Rate
5.50%
Tenant Name
Wendy's
Gross SF
2,962
Guarantor
Franchisee Guarantee
Rentable SF
2,962
Price/Gross SF
$360.57
Lease Type
Absolute Net
Rent Per Square Feet
$19.82

Investment Highlights

  • 10 years remaining on Absolute NNN lease with experienced franchisee operator with 380+ units
  • Attractive 10% rent increases every 5 years
  • Reported population of 85,501 residents with an Average Household Income of $99,330 within a 3-mile radius

Investment Overview

This Wendy's is a freestanding 2,962 square foot restaurant situated 0.77 acres of land. The lease is with HAZA Foods, LLC a 380 unit multi-state Wendy's franchisee and is absolute triple net with zero landlord responsibilities. This subject property is strategically located near to Rosedale Center which is a +/-1.14 million-square-foot regional shopping mall and retail hub. Roseville is part of the central Minneapolis/St. Paul metroplex, located approximately 9 miles north of Downtown St. Paul. This Wendy's is located less than a mile north of the University of Minnesota. Various national brand restaurants including: Applebee's, Starbucks, Raising Cane's Chicken Fingers, Chili's Grill & Bar, Red Lobster and more are located in the surrounding area.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

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