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    Owatonna, MN
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    Owatonna, MN NNN Properties for Sale

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    Freestanding Restaurant with Interstate Exposure
    Updated: Jan 1
    Freestanding Restaurant with Interstate Exposure

    4355 W Frontage Rd, Owatonna, MN 55060

    Contact for pricing
    6,079 sqft 1.45 AC lot
    Fee‑simple interest in a freestanding Famous Dave’s BBQ restaurant in Owatonna, MN.
    NNN lease through November 2026 to Rib Kings of Owatonna, LLC (operated continuously since the building was constructed in 2004).
    NNN lease rent is rolling monthly: 6.00% of gross sales or $5,000 per month, whichever is greater.
    2025 NOI was roughly $82,000, implying a 7.00% cap rate on the sale price.
    Property sits on 1.45 acres with direct I‑35 frontage exposure; building size is 6,079 SF.
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    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Owatonna, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Single-Tenant NNN Retail Lease
    Single-Tenant NNN Retail Lease

    1987 Scott Road NW, Rochester, MN 55901

    Contact for pricing
    28,093 sqft

    Single-tenant NNN retail property leased to Goodwill on a corporate-signed, extended agreement.

    View details
    Triple-Net Pizza Hut Restaurant
    Triple-Net Pizza Hut Restaurant

    2001 W Hwy 52, Rochester, MN 55901

    Contact for pricing
    2,925 sqft

    Single-tenant Pizza Hut property offered with a long-term absolute triple-net lease.

    View details
    Stabilized Retail Strip Center
    Stabilized Retail Strip Center

    511 Holly Ln, Mankato, MN 56001

    $3,490,000

    Retail strip center in Mankato, MN with NNN leases.

    View details
    Mister Car Wash Investment Opportunity
    Mister Car Wash Investment Opportunity

    1541 Madison Avenue, Mankato, MN 56001

    Contact for pricing

    Net leased Mister Car Wash in Mankato's primary retail corridor.

    View details

    Owatonna, MN Nnn Properties Market Trends and Statistics

    Explore 1 nnn properties for sale in Owatonna, MN on our real estate platform. These investment opportunities span a total of 6,079 square feet of properties for sale.

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    Demographics Overview

    Population 32K
    Population Growth (5Y) +0.2%
    Median Household Income $84,408
    College Educated 34.1%

    Taxes & Financing

    Tax Rate (average for all types) 2.97%
    Property Tax per SF $3.69 per SF
    Tax Rate vs County Average 0.07 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Steele County

    New Delisted

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