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    Steele County, 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 1 Potential Opportunities for your consideration. Besides 1 Active listings in Steele County, MN, we suggest exploring several alternatives:

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    Explore 1 nnn properties for sale in Steele County, 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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