Arby's Investment Property For
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520 S Riverfront Dr, Mankato, MN 56001
NNN leased Arby's with a drive-thru in Mankato, Minnesota.
Property Size3,366 SF
Price / SF$623.89
Days on Market201
Property Features for 520 S Riverfront Dr
General Information
Standard status
Active
Size
3,366 SF
Total Parking Spaces
56
Property subtype
Retail
Zoning
Highway Business District (B-3)
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$121,076
Building Details
Year Built
2001
Tenancy
Single
Listing Agency:
SRS Real Estate Partners New York
(929) 594-2946
Listed By:
Michael Grunberg · License #10401292407
Source:
Crexi
Added: Jan 30
Changed: Aug 8
Last Checked: Aug 18 at 11:00AM
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 SRS Real Estate Partners New York
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Absolute NNN lease provides a management‑free investment.
- Recently extended lease with over 10 years remaining and four (4) additional 5‑year renewal options.
- 1% annual rental increases throughout the lease term and option periods.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,659
Businesses Nearby
37k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 56%
Shops & Services 16%
Hotels & Casinos 14%
Dining 11%
Hy-Vee
Groceries
20,686 visits/mo
0.5 miles
Hilton Garden Inn, Mankato Downtown
Hotels & Casinos
5,134 visits/mo
0.4 miles
Marathon
Shops & Services
3,550 visits/mo
0.3 miles
Wells Fargo
Shops & Services
2,396 visits/mo
0.4 miles
Pizza Hut
Dining
2,375 visits/mo
0.4 miles
Demographics for 56001, MN
50,729
Population
21,583
Households
2.4
Avg Household Size
30
Median Age
37%
College-Educated
94%
High-School Grad
114.5 sq mi
ZIP Area
443
Density / Sq Mi
$67,224
Median Household Income
$29,122
Median Earnings
$1,088
Median Rent
$263,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - NNN leased Arby's with a drive-thru in Mankato, Minnesota.
Where is this drive through restaurant located?
The property is located at 520 S Riverfront Dr Mankato, MN.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Absolute NNN lease provides a management‑free investment.; Recently extended lease with over 10 years remaining and four (4) additional 5‑year renewal options.; 1% annual rental increases throughout the lease term and option periods.
