2215 E Main St, Albert Lea, MN 56007
Marcus & Millichap is pleased to present the exclusive listing for a Perkins Restaurant and Bakery located at 2215 E Main Street in Albert Lea, Minnesota. The site consists of roughly 4,230 rentable square feet of building space on estimated 1.58-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 $172,550 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.
License(s): MN: 40583288
Minnesota
Marcus & Millichap is pleased to present the exclusive listing for a Perkins Restaurant and Bakery located at 2215 E Main Street in Albert Lea, Minnesota. The site consists of roughly 4,230 rentable square feet of building space on estimated 1.58-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 $172,550 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.
License(s): MN: 40583288
Minnesota
