Arby's Investment Property For
520 S Riverfront Dr, Mankato, MN 56001
NNN leased Arby's with a drive-thru in Mankato, Minnesota.
Type:Retail
Property size:
3,366 SFPrice / SF:
$646/SF- Added:
- Jan 30, 2026
- Days on Market:
- 105
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 520 S Riverfront Dr
General Information
- Standard status
- Active
- Size
- 3,366 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2001
Listing agent Michael Grunberg License #10401292407
Listing office SRS Real Estate Partners New York
Listing date Jan 30, 2026
Source Crexi
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
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.
- Located in a dense retail area near River Hills Mall (Target‑anchored).
- Strong demographics with over 65,800 residents and 51,400 employees in a 5‑mile radius.
- Features excellent visibility, multiple points of ingress/egress, and a drive‑thru.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Arby's
Restaurant
Location Insight
- Map
- Local Demand
- City
- Mankato
- County
- Nicollet
- State
- Minnesota
- Longitude
- -93.99892
- Latitude
- 44.171534
Nearby Similar for Sale
FAQs
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 $2,175,000.
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.
