1702 Broadway St Alexandria, MN 56308
Long-term NNN master lease with established, growing tenant.
Property Features for 1702 Broadway St
General Information
- Standard status
- Active
Source:
Crexi
Listing Agency: Brisky Net Lease Listing Agent: Brian Brisky
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
NNN Leased Restaurant Portfolio
This portfolio is leased under a NNN master lease structure with over 17 years of remaining term. The lease includes 2% annual rent increases throughout the remaining term and two 10-year renewal options. Multiple locations rank in the upper national percentiles for visitation among Taco John’s restaurants. Each property is located on a corner parcel and features a drive-thru. Several properties within the portfolio have completed recent renovations. The portfolio is located in markets that generally report low retail vacancy and limited new construction activity relative to surrounding areas. Taco John's has operated successfully at these locations for years, demonstrating long-term performance and stability. The company recently relocated its headquarters to St. Louis Park from Wyoming, further strengthening its presence in Minnesota. The state also has the highest concentration of Taco John’s locations nationwide with restaurants in 49 cities.
Location Intelligence
Current Use by Public Records
Drive through restaurants
Location Insight
- Map
- Local Demand
- City
- Alexandria
- County
- Douglas
- State
- Minnesota
- Longitude
- -95.3781996
- Latitude
- 45.8722423
Nearby Similar for Sale
FAQs
What type of property is this?
NNN property - Long-term NNN master lease with established, growing tenant.
Where is this nnn property located?
The property is located at 1702 Broadway St Alexandria, MN.
What are key features of this property?
This property features: - Long-Term NNN Master Lease with over 17 years remaining and 2% annual rent increases, providing secure and predictable income.; - Strong Store Performance: Multiple locations rank in the upper national percentiles for visitation.; - Corner Locations with Drive-Thrus: Each property offers high visibility and easy access.
