Restaurant
Perkins Restaurant and Bakery
5420 W Broadway Ave, Crystal, MN 55428
Listing Price: $2,554,960
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Perkins Restaurant and Bakery located at 5420 W Broadway Avenue in Crystal, Minnesota. The site consists of roughly 4,880 rentable square feet of building space on estimated 1.60-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 $159,685 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: $2,554,960
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 5420 W Broadway Avenue in Crystal, Minnesota. The site consists of roughly 4,880 rentable square feet of building space on estimated 1.60-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 $159,685 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
