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Single-Tenant Vacant-User

Former Perkins | Strong Performing Location | 3 Parcels

140 Garfield St N, Cambridge, MN 55008

Listing Price: $2,300,000

Tenant Name
Former Perkins
Gross SF
5,584
Guarantor
No Guarantee
Rentable SF
5,584
Price/Gross SF
$411.89
Lease Type
Absolute Net

Investment Overview

Marcus & Millichap is pleased to present this former Perkins property available for purchase. Operating as a Perkins for many years until the operator recently retired, the location was consistently a strong performing Perkins with sales well above the national average. The property being offered consists of three parcels totaling approximately 2.87-3 acres. The parcels are zoned B-2, however there is currently a PUD (Planned Unit Development) on the parcel with the existing building on it that restricts it's usage to restaurant use only for now. B-2 zoning on the back parcel allows for a wide array of potential uses. For reference parcel #'s 15.137.0010, 15.137.0020 and 15.137.0030 are included. Seller would prefer to sell all parcels together but will entertain offers to sell separately. The property is ideally situated on a hard corner of Highway 95 and Highway 65 with approximately 21,000 vehicles per day passing directly in front of the property. In addition the 60'+ tall pylon sign is visible by traffic from both directions on Highway 95. Population counts are projected to grow by approximately 4% by 2026. Household income within a 5-mile radius of the property is strong with the average HH income being $101,950. The property is located within close proximity to many national or regional retailers such as Walmart, Walgreens, Starbucks, Tractor Supply, Target, Wendy's, Aldi, Autozone, McDonalds, Arby's, Culver's, Subway, Speedway, Applebee's and more. Buyer is solely responsible for verifying property and building size along with zoning classification and requirements.

Investment Highlights

  • Former Strong Performing Perkins (Well Above National Average)
  • Three Parcels Totally +/- 3 Acres
  • Great Visibility and Access Off Highway 65
  • Two Existing Pylon Signs
  • Several National and Regional Tenants in Immediate Area

Exclusively Listed By

Financing By

Single-Tenant Vacant-User

Former Perkins | Strong Performing Location | 3 Parcels

Listing Price: $2,300,000

Tenant Name
Former Perkins
Gross SF
5,584
Guarantor
No Guarantee
Rentable SF
5,584
Price/Gross SF
$411.89
Lease Type
Absolute Net

Investment Highlights

  • Former Strong Performing Perkins (Well Above National Average)
  • Three Parcels Totally +/- 3 Acres
  • Great Visibility and Access Off Highway 65
  • Two Existing Pylon Signs
  • Several National and Regional Tenants in Immediate Area

Investment Overview

Marcus & Millichap is pleased to present this former Perkins property available for purchase. Operating as a Perkins for many years until the operator recently retired, the location was consistently a strong performing Perkins with sales well above the national average. The property being offered consists of three parcels totaling approximately 2.87-3 acres. The parcels are zoned B-2, however there is currently a PUD (Planned Unit Development) on the parcel with the existing building on it that restricts it's usage to restaurant use only for now. B-2 zoning on the back parcel allows for a wide array of potential uses. For reference parcel #'s 15.137.0010, 15.137.0020 and 15.137.0030 are included. Seller would prefer to sell all parcels together but will entertain offers to sell separately. The property is ideally situated on a hard corner of Highway 95 and Highway 65 with approximately 21,000 vehicles per day passing directly in front of the property. In addition the 60'+ tall pylon sign is visible by traffic from both directions on Highway 95. Population counts are projected to grow by approximately 4% by 2026. Household income within a 5-mile radius of the property is strong with the average HH income being $101,950. The property is located within close proximity to many national or regional retailers such as Walmart, Walgreens, Starbucks, Tractor Supply, Target, Wendy's, Aldi, Autozone, McDonalds, Arby's, Culver's, Subway, Speedway, Applebee's and more. Buyer is solely responsible for verifying property and building size along with zoning classification and requirements.

Exclusively Listed By

Financing By

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