Japanese BBQ Restaurant with
For Sale
Contact for pricing
3025 Lyndale Ave S, Minneapolis, MN 55408
The sale combines an operating restaurant business with ownership of the building it occupies.
Property Size6,800 SF
Price / SF$330.88
Days on Market9
Property Features for 3025 Lyndale Ave S
General Information
Standard status
Active
Size
6,800 SF
Property subtype
RETAIL
Listing Agency:
Wyn Group
Listed By:
Marshall Nguyen
(763) 888-8111
Source:
Moodyscre
Added: Sep 27
Changed: Sep 30
Last Checked: Oct 4 at 9:21AM
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 Wyn Group
Investment Insights
Based on property information with market context.
The Gyu-Kaku Japanese BBQ offering includes the operating business and its 6,800-square-foot building in Minneapolis. Across two levels, the main floor contains the dining room and kitchen, with ventilation for tableside grilling. The lower level houses a bar and lounge, office space, inventory storage, walk-in coolers and freezers, and employee facilities.
The property is in the Lyn-Lake neighborhood, near Lake Street and the Midtown Greenway. Restaurants, bars, music venues, and neighborhood retail are part of the surrounding district.
The property is in the Lyn-Lake neighborhood, near Lake Street and the Midtown Greenway. Restaurants, bars, music venues, and neighborhood retail are part of the surrounding district.
Key Highlights
- Sale includes the Gyu‑Kaku Japanese BBQ business and real estate
- 6,800‑square‑foot building arranged across two levels
- Main floor has a dining room and kitchen with ventilation for tableside grilling
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$92,204
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,844,080
$1.8M
Cap Rate 7%
$1,317,200
$1.3M
Cap Rate 9%
$1,024,489
$1.0M
Market Conditions
NOI Build-Up for 6,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$126.5K $18.60/SF
− Vacancy
−$3.5K −$0.52/SF
EGI
$122.9K $18.08/SF
− OpEx
−$30.7K −$4.52/SF
NOI
$92.2K $13.56/SF
Area
Minneapolis, MN
Vacancy
2.80%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,844,080
Cap Rate 7%
$1,317,200
Cap Rate 9%
$1,024,489
Alternative Uses
Best Use
Specialty Retail
$1.32M
$1.15M – $1.54M
NOI $92,204 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,564 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,591
Businesses Nearby
94k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Groceries 33%
Shops & Services 21%
Apparel 5%
Cub Foods
Groceries
30,982 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
14,647 visits/mo
0.3 miles
Speedway
Shops & Services
14,134 visits/mo
0.1 miles
Gyu-Kaku Japanese BBQ
Dining
6,204 visits/mo
0.1 miles
BonChon Chicken
Dining
4,938 visits/mo
0.5 miles
Demographics for 55408, MN
33,718
Population
17,874
Households
1.9
Avg Household Size
30
Median Age
59%
College-Educated
91%
High-School Grad
2.7 sq mi
ZIP Area
12,488
Density / Sq Mi
$72,421
Median Household Income
$49,753
Median Earnings
$1,385
Median Rent
$387,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Minneapolis, MN
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - The sale combines an operating restaurant business with ownership of the building it occupies.
Where is this conventional restaurant located?
The property is located at 3025 Lyndale Ave S Minneapolis, MN.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Sale includes the Gyu‑Kaku Japanese BBQ business and real estate; 6,800‑square‑foot building arranged across two levels; Main floor has a dining room and kitchen with ventilation for tableside grilling
