Single-Tenant Net Lease Burger
403 Fire Monument Road Hinckley, MN 55037
403 Fire Monument Road, Hinckley, MN, 55037
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For Sale
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Absolute NNN Burger King with ~6.5 years remaining, 1.75% annual increases, and four 5-year renewal options.
Lot Size2.01 Acres
Days on Market104
Property Features for 403 Fire Monument Road
General Information
- Standard status
- Active
- Lot size
- 2.01 Acres
- Property subtype
- Retail
Listing agency
Hanley Investment Group
Listed by
Jeremy McChesney · License #CA 01303748
Source
Crexi
Added: Apr 10 Updated: Jul 22 at 11:16AM Checked: Jul 22 at 11:16AM
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 Hanley Investment Group
Investment Insights
Based on property information with market context.
This single-tenant Burger King is offered on an absolute net lease structure described as having no landlord responsibilities. The primary lease term has approximately 6.5 years remaining, with rare 1.75% annual increases. The lease also includes four 5-year options, each with 1.75% annual increases. The property sits on a 2.01-acre parcel and is positioned in front of a 69-room Days Inn motel.
The site is located along Minnesota’s Interstate 35 at the Fire Monument Road exit, providing access for travelers heading toward the Grand Casino Hinckley. The casino is approximately 1.5 miles away and features 54,800 SF of gaming space and a 563-room hotel. The immediate trade area retail mix noted in the remarks includes McDonald’s, Hardee’s, Dairy Queen, Subway, Taco Bell, White Castle, Family Dollar, and Kwik Trip.
According to the offering remarks, the remaining lease term could support an investor’s collection of approximately $1,100,000 in uncollected rent if the tenant does not renew, alongside a repositioning plan opportunity. The property was appraised at $2,170,000 in 2018.
The site is located along Minnesota’s Interstate 35 at the Fire Monument Road exit, providing access for travelers heading toward the Grand Casino Hinckley. The casino is approximately 1.5 miles away and features 54,800 SF of gaming space and a 563-room hotel. The immediate trade area retail mix noted in the remarks includes McDonald’s, Hardee’s, Dairy Queen, Subway, Taco Bell, White Castle, Family Dollar, and Kwik Trip.
According to the offering remarks, the remaining lease term could support an investor’s collection of approximately $1,100,000 in uncollected rent if the tenant does not renew, alongside a repositioning plan opportunity. The property was appraised at $2,170,000 in 2018.
Key Highlights
- Single‑tenant Burger King on an absolute NNN lease with no landlord responsibilities.
- ~6.5 years remaining on the primary lease term.
- 1.75% annual rent increases plus four 5‑year renewal options with 1.75% annual increases.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Absolute NNN Burger King with ~6.5 years remaining, 1.75% annual increases, and four 5-year renewal options.
Where is this nnn property located?
The property is located at 403 Fire Monument Road Hinckley, MN.
What are key features of this property?
This property features: Single‑tenant Burger King on an absolute NNN lease with no landlord responsibilities.; ~6.5 years remaining on the primary lease term.; 1.75% annual rent increases plus four 5‑year renewal options with 1.75% annual increases.
