2535 Division N St North St Paul, MN 55109-3112
Property profile & analytics
2535 Division N St, North St Paul, MN 55109-3112
- Turn key restaurants
- 3,997 SF
- 1.23 lot acres
Property ID
US46-0635479
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Turn key restaurants
Property Details for 2535 Division N St
- Year built
- 1987
- Construction
- WOOD FRAME
- Lot size
- 1.23 lot acres
- Zone code
- I
- Property type
- Turn key restaurants
- APN
- 12-29-22-11-0083
- APU
- 122922110083
Description
This exceptional investment opportunity presents a freestanding, single-tenant Burger King restaurant located at 2535 Division Street North in North Saint Paul, Minnesota. The property boasts 4,137 square feet on a 1.23-acre lot, situated in a high-traffic area with direct access and visibility from Highway 36. Built in 1987 and renovated in 2017, this building is in excellent condition and benefits from a long-term NNN lease with a highly reputable tenant. The current lease, expiring October 30, 2032, offers significant remaining term with two 5-year renewal options. The property features a 100% occupancy rate, generating a substantial Net Operating Income (NOI) of $92,136.84, resulting in an attractive 6.14% capitalization rate. The asking price is $1,500,000, translating to a price per square foot of $362.58. The property is zoned MU3 and has a Ramsey County APN of 12.29221.10.083. Rent is structured as the greater of $90,000 annually or 7% of gross sales, providing a strong and stable income stream. This is a rare opportunity to acquire a well-established, passively managed investment with a proven track record of success. The property's location, strong tenant, and favorable lease terms make it an ideal addition to any investment portfolio.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- North St Paul
- County
- Ramsey
- State
- Minnesota
- Longitude
- -92.9856
- Latitude
- 45.0183
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$37,342
$645,100
$688,400
$1,333,500
-
$645,100
$688,400
$1,333,500
