9330 Baltimore StBlaine, MN 55449

For Sale
$858,472

High-traffic QSR investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 1,737 square foot White Castle restaurant located at 9330 Baltimore St NE, Blaine, MN 55449. The property sits on a 1.06-acre lot and benefits from an absolute NNN ground lease with a corporate guarantee from White Castle, extending until January 31, 2033 (8.2 years remaining). The lease requires zero landlord obligations. This location enjoys exceptional visibility and high traffic counts, situated along Highway 65 (52,860 vehicles per day) and near State Route 10 (100,600+ vehicles per day). The strong demographics within a 5-mile radius include 204,120 residents and an average household income of $115,936. The property's proximity to Anoka County-Blaine Airport and The National Sports Center further enhances its appeal. The property generates a Net Operating Income (NOI) of $47,216, resulting in a 5.50% cap rate. The asking price is $858,472. This is a rare opportunity to acquire a well-established, passively managed, and highly profitable investment in a prime location. No lease options are available.

Highlights

  • Absolute NNN ground lease with zero landlord obligations, corporate guarantee from White Castle.
  • Lease extended, demonstrating tenant commitment; expires January 31, 2033 (8.2 years remaining).
  • High-traffic location: Highway 65 (52,860 VPD) and State Route 10 (100,600+ VPD).
  • Strong demographics: 204,120 residents within a 5-mile radius, $115,936 average household income.
  • Proximity to Anoka County-Blaine Airport and The National Sports Center.
  • 12 miles north of downtown Minneapolis.

Property Details for 9330 Baltimore St

Property type
Other retail properties, Restaurants
Square Feet
1,737 SF
Lot Size (sq. ft)
46,174 SF

Location Insight

City
Blaine
County
Anoka
State
Minnesota
Latitude
45.1408668
Longitude
-93.234379
9330 Baltimore St, Blaine, Minnesota

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9330 Baltimore St
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