Perkins Restaurant NNN
For Sale
Contact for pricing
623 W Washington St, Brainerd, MN 56401
Freestanding Perkins Restaurant and Bakery with a brand new 20-year absolute triple-net lease in place.
Property SizeContact for details
Days on Market121
Property Features for 623 W Washington St
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 2:39AM
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 SURMOUNT
Investment Insights
Based on property information with market context.
This Perkins Restaurant and Bakery property is offered for sale as an absolute triple-net (NNN) investment. The site includes approximately 6,050 rentable square feet of building space on an estimated 1.19-acre parcel.
The lease commenced on November 1, 2019 and runs for a new 20-year base term. The current annual rent is $206,045, with scheduled 1.50% annual increases throughout the base term and during each of the four five-year tenant renewal option periods.
The transaction is structured around the existing long-term NNN lease, providing a single-tenant income profile tied to the lease terms described in the offering.
The lease commenced on November 1, 2019 and runs for a new 20-year base term. The current annual rent is $206,045, with scheduled 1.50% annual increases throughout the base term and during each of the four five-year tenant renewal option periods.
The transaction is structured around the existing long-term NNN lease, providing a single-tenant income profile tied to the lease terms described in the offering.
Key Highlights
- Freestanding Perkins Restaurant and Bakery at 623 West Washington St in Brainerd, MN
- Approximately 6,050 rentable SF on an estimated 1.19‑acre parcel
- Brand new 20‑year absolute triple‑net (NNN) lease commenced November 1, 2019
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
957
Businesses Nearby
106k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 74%
Shops & Services 19%
Home Improvements & Furnishings 6%
Electronics 1%
McDonald's
Dining
35,203 visits/mo
0.4 miles
Wendy's
Dining
11,313 visits/mo
0.4 miles
Caribou Coffee
Dining
10,449 visits/mo
0.4 miles
Perkins Restaurant & Bakery
Dining
8,741 visits/mo
0.4 miles
Hardee's
Dining
8,234 visits/mo
0.2 miles
Demographics for 56401, MN
30,632
Population
16,038
Households
1.9
Avg Household Size
40
Median Age
24%
College-Educated
94%
High-School Grad
322.6 sq mi
ZIP Area
95
Density / Sq Mi
$70,269
Median Household Income
$40,172
Median Earnings
$918
Median Rent
$237,900
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?
Conventional restaurant - Freestanding Perkins Restaurant and Bakery with a brand new 20-year absolute triple-net lease in place.
Where is this conventional restaurant located?
The property is located at 623 W Washington St Brainerd, MN.
What are key features of this property?
This property features: Freestanding Perkins Restaurant and Bakery at 623 West Washington St in Brainerd, MN; Approximately 6,050 rentable SF on an estimated 1.19‑acre parcel; Brand new 20‑year absolute triple‑net (NNN) lease commenced November 1, 2019
