Perkins Breakfast
For Sale
Contact for pricing
990 Highway 10 West, Detroit Lakes, MN 56501
Restaurant property on a frontage road serving Walmart Supercenter and Menards.
Property SizeContact for details
Days on Market145
Property Features for 990 Highway 10 West
General Information
Standard status
Active
Property subtype
Retail
Financials
Asking Price
$2,156,875
Cap Rate
6.75%
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Upland Real Estate Group Inc
(612) 332-6600
Listed By:
Keith Sturm · License #MN 81883
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 29 at 11:59PM
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 Upland Real Estate Group Inc
Investment Insights
Based on property information with market context.
This Perkins breakfast restaurant is offered with a lease showing 8 years remaining, 1.75% annual rent increases, and renewal options consisting of one 10-year term and two 5-year terms. The lease reflects a 6.75% cap rate.
The property occupies the southwest corner of U.S. Highways 10 and 59 in Detroit Lakes, where reported daily traffic counts are 19,400 and 12,400 vehicles, respectively. It sits along the frontage road serving Walmart Supercenter and Menards, with Americas Best Value Inn & Suites and the Detroit Lakes Exam Station adjacent. Nearby businesses include KFC, Taco John’s, Anytime Fitness, US Bank, JCPenney, Wells Fargo, Burger King, Ace Hardware, and Holiday Inn.
Detroit Lakes Airport is approximately 1.5 miles west, Essentia Health St. Mary’s is 1 mile northwest, and Soo Pass Ranch is 4 miles south. The community is located 45 miles east of the Fargo–Moorhead ND-MN statistical metropolitan area and 205 miles northwest of Minneapolis–Saint Paul.
The property occupies the southwest corner of U.S. Highways 10 and 59 in Detroit Lakes, where reported daily traffic counts are 19,400 and 12,400 vehicles, respectively. It sits along the frontage road serving Walmart Supercenter and Menards, with Americas Best Value Inn & Suites and the Detroit Lakes Exam Station adjacent. Nearby businesses include KFC, Taco John’s, Anytime Fitness, US Bank, JCPenney, Wells Fargo, Burger King, Ace Hardware, and Holiday Inn.
Detroit Lakes Airport is approximately 1.5 miles west, Essentia Health St. Mary’s is 1 mile northwest, and Soo Pass Ranch is 4 miles south. The community is located 45 miles east of the Fargo–Moorhead ND-MN statistical metropolitan area and 205 miles northwest of Minneapolis–Saint Paul.
Key Highlights
- 8 years remaining on the lease with 1.75% annual rent increases
- One 10‑year and two 5‑year renewal options
- 6.75% cap rate
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 56501, MN
17,784
Population
10,271
Households
1.7
Avg Household Size
44
Median Age
32%
College-Educated
94%
High-School Grad
186.9 sq mi
ZIP Area
95
Density / Sq Mi
$68,980
Median Household Income
$40,068
Median Earnings
$942
Median Rent
$286,900
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?
Breakfast & diner - Restaurant property on a frontage road serving Walmart Supercenter and Menards.
Where is this breakfast & diner located?
The property is located at 990 Highway 10 West Detroit Lakes, MN.
What are key features of this property?
This property features: 8 years remaining on the lease with 1.75% annual rent increases; One 10‑year and two 5‑year renewal options; 6.75% cap rate
