Freestanding Restaurant with Interstate
For Sale
Contact for pricing
4355 W Frontage Rd, Owatonna, MN 55060
Fee-simple interest available for a freestanding Famous Dave’s BBQ restaurant leased through November 2026.
Property Size6,079 SF
Lot Size1.45 Acres
Price / SF$197.40
Days on Market257
Property Features for 4355 W Frontage Rd
General Information
Standard status
Active
Size
6,079 SF
Lot size
1.45 Acres
Property subtype
RETAIL
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
7%
Building Details
Year Built
2004
Year Renovated
2025
Tenancy
Single
Listing Agency:
NAI Legacy
(612) 383-2590
Listed By:
Garrett Farmer · License #40633365
(612) 201-6282
Source:
Moodyscre
Added: Jan 1
Changed: Aug 14
Last Checked: Sep 14 at 11:13AM
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 NAI Legacy
Investment Insights
Based on property information with market context.
The property consists of the fee-simple real estate underlying a Famous Dave’s BBQ restaurant, operated by Rib Kings of Owatonna, LLC. The building is a 6,079-square-foot freestanding restaurant constructed in 2004, situated on 1.45 acres. The asset is leased through November 2026, providing in-place rental income under an NNN structure.
The restaurant has direct Interstate 35 frontage exposure with easy access. Recent improvements were completed in fall 2025, totaling over $300,000, including full parking lot replacement, sidewalks, signage, and striping.
The NNN lease rate is based on a rolling monthly payment equal to 6.00% of gross sales, or $5,000, whichever is greater.
The restaurant has direct Interstate 35 frontage exposure with easy access. Recent improvements were completed in fall 2025, totaling over $300,000, including full parking lot replacement, sidewalks, signage, and striping.
The NNN lease rate is based on a rolling monthly payment equal to 6.00% of gross sales, or $5,000, whichever is greater.
Key Highlights
- Fee‑simple interest in a freestanding Famous Dave’s BBQ restaurant in Owatonna, MN.
- NNN lease through November 2026 to Rib Kings of Owatonna, LLC (operated continuously since the building was constructed in 2004).
- NNN lease rent is rolling monthly: 6.00% of gross sales or $5,000 per month, whichever is greater.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 55060, MN
29,693
Population
12,631
Households
2.4
Avg Household Size
40
Median Age
31%
College-Educated
94%
High-School Grad
203.4 sq mi
ZIP Area
146
Density / Sq Mi
$83,848
Median Household Income
$49,325
Median Earnings
$1,018
Median Rent
$239,300
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 Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fee-simple interest available for a freestanding Famous Dave’s BBQ restaurant leased through November 2026.
Where is this conventional restaurant located?
The property is located at 4355 W Frontage Rd Owatonna, MN.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Fee‑simple interest in a freestanding Famous Dave’s BBQ restaurant in Owatonna, MN.; NNN lease through November 2026 to Rib Kings of Owatonna, LLC (operated continuously since the building was constructed in 2004).; NNN lease rent is rolling monthly: 6.00% of gross sales or $5,000 per month, whichever is greater.
