Restaurant
Taco John's
605 N Main St, Crookston, MN 56716
Listing Price: $1,173,133
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for the Taco John’s located at 605 N Main Street in Crookston, Minnesota. The site consists of roughly 1,300 rentable square feet of building space on estimated 0.32-acre parcel of land. This Taco John’s will be subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The annual rent will be $70,388 and will be scheduled to increase 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.
Exclusively Listed By
Broker of Record
Listing Price: $1,173,133
Investment Highlights
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease
- Site Recently Remodeled
- One and a Half Percent (1.50%) Annual Rental Increases
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for the Taco John’s located at 605 N Main Street in Crookston, Minnesota. The site consists of roughly 1,300 rentable square feet of building space on estimated 0.32-acre parcel of land. This Taco John’s will be subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The annual rent will be $70,388 and will be scheduled to increase 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.
Exclusively Listed By
Broker of Record
