2535 Division St N North St Paul, MN 55109

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.