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Restaurant

KFC

100 W Lake St, Minneapolis, MN 55408

Listing Price: $2,633,000

Cap Rate
6.00%
Tenant Name
Argonaut Minnesota Ventures Inc.
Guarantor
Franchisee Guarantee
Rentable SF
2,425
Lease Type
Absolute Net
Rent Per Square Feet
$65.15

Investment Overview

The subject property is located at 100 West Lake Street in Minneapolis MN. This investment is an Absolute NNN 15 Year Lease with one of the largest KFC Franchisees in the Nation and the largest KFC franchisee in Minnesota. The Subject Property Lease is guaranteed by 135+ Stores. The subject property was completely remodeled in 2024 from a former White Castle Restaurant. The Lease provides for long term stability with 8% increases every 5 years and there are (4) 5 Year Renewal Options after the primary 15-year lease term.

Investment Highlights

  • Brand New 2024 Remodel to Newest KFC Image
  • 2023 KFC Franchisee of the Year - 135+ stores Guarantee the Subject Property Lease
  • New 15 Year Absolute NNN Lease commences at the Close of Escrow
  • 2,100,000+ Population Density within 15 miles of Subject Property

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Listing Price: $2,633,000

Cap Rate
6.00%
Tenant Name
Argonaut Minnesota Ventures Inc.
Guarantor
Franchisee Guarantee
Rentable SF
2,425
Lease Type
Absolute Net
Rent Per Square Feet
$65.15

Investment Highlights

  • Brand New 2024 Remodel to Newest KFC Image
  • 2023 KFC Franchisee of the Year - 135+ stores Guarantee the Subject Property Lease
  • New 15 Year Absolute NNN Lease commences at the Close of Escrow
  • 2,100,000+ Population Density within 15 miles of Subject Property

Investment Overview

The subject property is located at 100 West Lake Street in Minneapolis MN. This investment is an Absolute NNN 15 Year Lease with one of the largest KFC Franchisees in the Nation and the largest KFC franchisee in Minnesota. The Subject Property Lease is guaranteed by 135+ Stores. The subject property was completely remodeled in 2024 from a former White Castle Restaurant. The Lease provides for long term stability with 8% increases every 5 years and there are (4) 5 Year Renewal Options after the primary 15-year lease term.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

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