Restaurant
Perkins Restaurant and Bakery
2215 E Main St, Albert Lea, MN 56007
Listing Price: $2,802,208
Investment Overview
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 $175,138 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: $2,802,208
Investment Highlights
- Brand New, 20-Year Absolute Triple Net (NNN) Lease
- Passive Investment Offering a Long-Term Security of Cash Flow
- Four (4), Five (5)-Year Tenant Renewal Options
Investment Overview
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 $175,138 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
