8156 Highway 65Minneapolis, MN 55432

For Sale
$1,360,000

NNN Lease, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a freestanding Pizza Hut restaurant located at 8156 Hwy 65 NE, Minneapolis, MN 55432, in Anoka County. The property, built in 1976, sits on a 0.71-acre lot and encompasses 2,048 square feet. Currently operating under a single-tenant, absolute NNN lease with Pizza Hut, the lease has a remaining term of 6.1 years, expiring December 31, 2030, and includes a 5-year option. The property boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $61,200, resulting in a 4.50% cap rate. The asking price is $1,360,000, translating to $664.06 per square foot. This location benefits from high daily traffic counts and favorable traffic patterns, situated in a high-growth area with numerous retail and non-retail traffic drivers. The property's strong performance and long-term lease make it an attractive investment prospect. The sale is offered by the owner. This is a rare opportunity to acquire a well-established, high-performing Pizza Hut location with significant upside potential.

Highlights

  • NNN lease with no landlord responsibilities.
  • High traffic counts and favorable traffic patterns, driven by strong retail and non-retail activity.
  • Located in a high-growth population area.
  • Excellent sales performance at this location.

Property Details for 8156 Highway 65

Property type
Other retail properties, Restaurants
Square Feet
2,048 SF
Year Built
1976
Buildings
1
Stories
1
Lot Size (sq. ft)
30,928 SF
Units
1

Location Insight

City
Minneapolis
County
Anoka
State
Minnesota
Latitude
45.116242321029
Longitude
-93.242282562314
8156 Highway 65, Minneapolis, Minnesota

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8156 Highway 65
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