Restaurant
Perkins Restaurant & Bakery
1818 Broadway Ave S, Rochester, MN 55904
Listing Price: $2,616,000
Investment Overview
Marcus & Millichap is proud to offer for sale fee simple interest
in the standalone Perkins Restaurant and Bakery in Rochester,
MN. The restaurant operates on a corporate guaranteed
absolute net lease with zero landlord responsibility, expiring
July 31, 2029. Perkins Restaurant and Bakery signed a brand
new 10-year lease in 2019, and benefits from their ideal
location on a 1.09 corner parcel along Broadway Ave S,
providing exposure to over 25,610 cars daily. The property
is situated one block from the Hampton Inn, Rochester Inn,
and Econo Lodge, providing a steady stream of walk-in
customers on a weekly basis. Placer.ai ranks the restaurant in
the 87th percentile nationally for Perkins Restaurants, logging
over 212,000 visits in just the past 12 months.
Perkins Restaurant & Bakery
Investment Highlights
- Corporate Guaranteed Absolute Net Lease with Zero Landlord Responsibility – Annual Rent Increases Throughout Initial Term and Options
- Exposure to High Daily Traffic Volumes - 25,610 Vehicles Daily Along Broadway Avenue South
- Highly Trafficked Perkins Location - Placer.ai Ranks the Site in 87th Percentile Nationally With Over 212,000 Visits Over the Last 12 Months
Exclusively Listed By
Broker of Record
Listing Price: $2,616,000
Investment Highlights
- Corporate Guaranteed Absolute Net Lease with Zero Landlord Responsibility – Annual Rent Increases Throughout Initial Term and Options
- Exposure to High Daily Traffic Volumes - 25,610 Vehicles Daily Along Broadway Avenue South
- Highly Trafficked Perkins Location - Placer.ai Ranks the Site in 87th Percentile Nationally With Over 212,000 Visits Over the Last 12 Months
Investment Overview
Marcus & Millichap is proud to offer for sale fee simple interest in the standalone Perkins Restaurant and Bakery in Rochester, MN. The restaurant operates on a corporate guaranteed absolute net lease with zero landlord responsibility, expiring July 31, 2029. Perkins Restaurant and Bakery signed a brand new 10-year lease in 2019, and benefits from their ideal location on a 1.09 corner parcel along Broadway Ave S, providing exposure to over 25,610 cars daily. The property is situated one block from the Hampton Inn, Rochester Inn, and Econo Lodge, providing a steady stream of walk-in customers on a weekly basis. Placer.ai ranks the restaurant in the 87th percentile nationally for Perkins Restaurants, logging over 212,000 visits in just the past 12 months.
Exclusively Listed By
Broker of Record
