520 S Riverfront Dr Mankato, MN 56001

This is an absolute NNN leased Arby’s investment property located in Mankato, Minnesota. The tenant, Franchise Associates, LLC (dba Arby’s), recently executed an early lease extension, bringing the remaining term to over 10 years with four additional 5-year renewal options. The lease includes 1% annual rental increases throughout the current term and option periods. The lease is absolute NNN with zero landlord responsibilities. The Arby’s is positioned just off the signalized, hard-corner intersection of S Riverfront Drive (16,600 VPD) and Poplar Street. The property features visibility, multiple points of ingress/egress, and is equipped with a drive-thru. The site is situated in a dense retail node surrounded by national brands such as Jersey Mike’s, Dunkin’, and Little Caesars, and is located minutes from River Hills Mall, a Target-anchored regional mall. The subject property is also proximate to major institutional demand drivers including Minnesota State University, a public university with more than 15,700 enrolled students, and Mayo Clinic Health System Mankato, a 239-bed acute care hospital employing approximately 2,386 staff. The 5-mile trade area is home to over 65,800 residents and 51,400 employees, with an average household income of $93,347. The property size is 3,366 square feet.