Single-Tenant Burger King
For Sale
Contact for pricing
310 1st Street East, Park Rapids, MN 56470
Burger King is offered on an absolute net lease with the tenant responsible for operating expenses.
Property SizeContact for details
Lot Size1.50 Acres
Days on Market124
Property Features for 310 1st Street East
General Information
Standard status
Active
Lot size
1.50 Acres
Property subtype
Retail
Additional Details
Business Included
Yes
Traffic Count
21,000 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
SAB Capital
Listed By:
Preet Sabharwal · License #NY 10401215775
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 20 at 11:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SAB Capital
Investment Insights
Based on property information with market context.
This offering features a single-tenant Burger King property operating under an absolute net lease structure, with the tenant responsible for all expenses associated with the asset. The lease includes 1.25% annual rent increases over the base term and through the four, five-year renewal options. The lease is corporately guaranteed by Meridian Restaurant Unlimited, Limited Company, along with a full-term personal guaranty from its principals.
The property sits at a hard corner intersection of 1st Street/Route-34 and Riverside Avenue. The site provides more than 150 feet of frontage on 1st Street/Route-34 and Riverside and is positioned along a four-lane thoroughfare that runs the length of the city. Public remarks indicate more than 21,000 vehicles pass by the asset daily.
The offering includes nearly 1.5 acres. Additional nearby retailers and service users called out in the immediate vicinity include Wal-Mart, Dollar Tree, Verizon, AutoZone, Walgreens, Casey’s General Store, and others.
The property sits at a hard corner intersection of 1st Street/Route-34 and Riverside Avenue. The site provides more than 150 feet of frontage on 1st Street/Route-34 and Riverside and is positioned along a four-lane thoroughfare that runs the length of the city. Public remarks indicate more than 21,000 vehicles pass by the asset daily.
The offering includes nearly 1.5 acres. Additional nearby retailers and service users called out in the immediate vicinity include Wal-Mart, Dollar Tree, Verizon, AutoZone, Walgreens, Casey’s General Store, and others.
Key Highlights
- Burger King in Park Rapids, MN on an absolute net lease with the tenant responsible for all expenses
- Nearly 17 years remaining on the lease, including 1.25% annual rent increases over the base term and four 5‑year renewal options
- Corporately guaranteed by Meridian Restaurant Unlimited, Limited Company, plus a strong full‑term personal guaranty from principals
Property Analytics
Property Profile
Current Use
Lease Details
21,000 VPD
Traffic count
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
811
Businesses Nearby
70k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 24%
Groceries 13%
Home Improvements & Furnishings 8%
McDonald's
Dining
15,276 visits/mo
0.3 miles
Holiday Station Store
Shops & Services
13,596 visits/mo
0.2 miles
Coborn's
Groceries
9,230 visits/mo
0.4 miles
Burger King
Dining
8,595 visits/mo
0.1 miles
Scooter's Coffee
Dining
7,507 visits/mo
0.3 miles
Demographics for 56470, MN
10,668
Population
7,478
Households
1.4
Avg Household Size
47
Median Age
30%
College-Educated
94%
High-School Grad
382.5 sq mi
ZIP Area
28
Density / Sq Mi
$68,351
Median Household Income
$37,044
Median Earnings
$929
Median Rent
$260,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Burger King is offered on an absolute net lease with the tenant responsible for operating expenses.
Where is this conventional restaurant located?
The property is located at 310 1st Street East Park Rapids, MN.
What are key features of this property?
This property features: Burger King in Park Rapids, MN on an absolute net lease with the tenant responsible for all expenses; Nearly 17 years remaining on the lease, including 1.25% annual rent increases over the base term and four 5‑year renewal options; Corporately guaranteed by Meridian Restaurant Unlimited, Limited Company, plus a strong full‑term personal guaranty from principals
