Building Details

Year Built 2004

Buildings 1

Listing Agency: Edina Realty, Inc.

Listed By: Ray B. Hitchcock Show Phone

Source: Chrisfritchteam

Added: Jul 28 Changed: Sep 23 Last Checked: Oct 5 at 7:49PM

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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 Edina Realty, Inc.

Investment Insights

Based on property information with market context.

Stand-alone drive-through restaurant building offered with the business, all equipment, and the building. The property includes a large kitchen area designed for catering prep, walk-in coolers, ample storage, and a restaurant sitting area. The building is supported by a drive-through window and includes signage, and it was constructed in 2004.

The building sits on a .98-acre lot with ample parking. The property is located on Stillwater Blvd near Stillwater High School and provides easy access to Hwy 36.

This location previously operated as a KFC restaurant. The property may also be purchased as a stand-alone building.

Key Highlights

• Built in 2004 drive‑through restaurant building
• .98‑acre lot with ample parking
• Drive‑through window plus signage on Stillwater Blvd

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$56,211

Cap Rate

3.51%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,124,220 $1.1M

Cap Rate 7%

$803,014 $803.0K

Cap Rate 9%

$624,567 $624.6K

Market Conditions

NOI Build-Up for 3,711 SF

Gross rent

$80.2K $21.60/SF

− Vacancy

−$5.2K −$1.40/SF

EGI

$74.9K $20.20/SF

− OpEx

−$18.7K −$5.05/SF

NOI

$56.2K $15.15/SF

Area

Washington County, MN

Vacancy

6.50%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,124,220

Cap Rate 7%

$803,014

Cap Rate 9%

$624,567

Alternative Uses

Best Use

Specialty Retail

$803.0K

$702.6K – $936.9K (±1% cap)

NOI $56,211 @ 7.0% cap · market cap 3.51%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.03M

$902.0K – $1.20M (±1% cap)

NOI $72,156 @ 7.0% cap · market cap 4.51%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Drive through restaurants

Suggested Use

Top Pick Law Firm Parking Lot & Garage Storage Facility Electrical Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

644

Businesses Nearby

Explore this area Business Placement

Demographics for 55082, MN

36,441

Population

15,493

Households

2.4

Avg Household Size

46

Median Age

53%

College-Educated

97%

High-School Grad

79.2 sq mi

ZIP Area

460

Density / Sq Mi

$117,538

Median Household Income

$58,615

Median Earnings

$1,439

Median Rent

$459,500

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this drive through restaurants located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Drive through restaurant - Stand-alone drive-through restaurant building built in 2004 with ample parking, kitchen prep space, and walk-in coolers.

Where is this drive through restaurant located?

The property is located at 5920 Neal Ave N Oak Park Heights, MN.

What is the asking price?

The asking price for this property is $1,600,000.

What are key features of this property?

This property features: Built in 2004 drive‑through restaurant building; .98‑acre lot with ample parking; Drive‑through window plus signage on Stillwater Blvd