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    1920 Adams St Mankato, MN 56001

    Sponsored
    For Sale
    $3,150,000

    High-Demand QSR Portfolio, 6.25% Cap Rate

    Property size:
    7,480 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a fully occupied, three-tenant retail property situated on a 1.18-acre lot in Mankato, Minnesota. The 7,480 square foot building, constructed in 1996, boasts a strong lineup of nationally recognized quick-service restaurants: Five Guys, Jersey Mike's Subs, and Noodles & Company. This triple-net (NNN) leased property offers a secure investment with a current Net Operating Income (NOI) of $197,086 and a compelling 6.25% capitalization rate. The property's prime location at 1920 Adams St, Mankato, MN 56001, a block from County Highway 14, ensures high visibility and convenient access for customers. The property benefits from its position near County Road 22, providing excellent exposure to significant traffic flow. Mankato's thriving retail market, including a major regional mall, further enhances the property's value and potential for long-term growth. This is a rare opportunity to acquire a well-established, high-performing retail portfolio in a desirable location with a proven track record of success. The 100% occupancy rate underscores the strength of the tenant mix and the property's enduring appeal to consumers. This investment offers a stable income stream and significant potential for future appreciation. The asking price for this exceptional property is $3,150,000.

    Property Features for 1920 Adams St

    General Information

    Property type
    Restaurants
    Square Feet
    7,480 SF
    Lot Size
    51,401 SF

    Building Details

    Year Built
    1996

    HighLights

    • $3,150,000 asking price for a triple‑net (NNN) leased retail property.
    • 7,480 square feet on a 1.18‑acre lot in Mankato, Minnesota.
    • 100% occupancy with three national tenants: Five Guys, Jersey Mike's, and Noodles & Company.
    • 6.25% cap rate with a $197,086 net operating income (NOI).
    • Built in 1996.
    Property Profile Location Intelligence

    Current Use by Public Records

    Five Guys Fast Food Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Dental Office Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mankato
    County
    Blue Earth
    State
    Minnesota
    Longitude
    -93.9470595
    Latitude
    44.1709555

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    FAQs

    What type of property is this?
    Restaurant - High-Demand QSR Portfolio, 6.25% Cap Rate
    Where is this restaurant located?
    The property is located at 1920 Adams St Mankato, MN.
    What is the asking price?
    The asking price for this property is $3,150,000.
    What are key features of this property?
    This property features: $3,150,000 asking price for a triple-net (NNN) leased retail property.; 7,480 square feet on a 1.18-acre lot in Mankato, Minnesota.; 100% occupancy with three national tenants: Five Guys, Jersey Mike's, and Noodles & Company.
    Request Owner's contact information
    1920 Adams St Mankato, MN 56001
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    Mankato, MN 56001
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1920 Adams St Mankato, MN 56001
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