Restaurant
Perkins Restaurant and Bakery
623 W Washington St, Brainerd, MN 56401
Listing Price: $3,296,720
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Perkins Restaurant and Bakery located at 623 West Washington St in Brainerd, MN. The site consists of roughly 6,050 rentable square feet of building space on estimated 1.19-acre parcel of land. This Perkins Restaurant and Bakery is subject to a brand new, long term, 20-year absolute triple-net (NNN) lease, which commenced on November 1st, 2019. The current annual rent is $206,045 and is scheduled to increase by 1.50% annually throughout the base term and in each of the four (4), five (5)-year tenant renewal option periods.
Exclusively Listed By
Restaurant
Perkins Restaurant and Bakery
Listing Price: $3,296,720
Investment Highlights
- Brand New, 20-Year Absolute Triple Net (NNN) Lease
- Passive Investment Offering a Long-Term Security of Cash Flow
- Attractive Rental Increases of 1.50% Annually
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Perkins Restaurant and Bakery located at 623 West Washington St in Brainerd, MN. The site consists of roughly 6,050 rentable square feet of building space on estimated 1.19-acre parcel of land. This Perkins Restaurant and Bakery is subject to a brand new, long term, 20-year absolute triple-net (NNN) lease, which commenced on November 1st, 2019. The current annual rent is $206,045 and is scheduled to increase by 1.50% annually throughout the base term and in each of the four (4), five (5)-year tenant renewal option periods.
Exclusively Listed By
