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Restaurant

Taco John's

605 N Main St, Crookston, MN 56716

Listing Price: $1,173,133

Cap Rate
6.00%
Tenant Name
Crookston Hospitality TN, LLC
Guarantor
Franchisee Guarantee
Rentable SF
1,300
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$54.14

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.

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Site Recently Remodeled
  • One and a Half Percent (1.50%) Annual Rental Increases

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Restaurant

Taco John's

Listing Price: $1,173,133

Cap Rate
6.00%
Tenant Name
Crookston Hospitality TN, LLC
Guarantor
Franchisee Guarantee
Rentable SF
1,300
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$54.14

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

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

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