5990 Neal N Ave Stillwater, MN 55082-2178
Property profile & analytics
5990 Neal N Ave Stillwater, MN 55082-2178
- Drive through restaurants
- 4,237 SF
- 1.10 lot acres
Property ID
US46-1123992
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
- Arby's / Restaurant / Take-out & Catering
Property Details for 5990 Neal N Ave
- Year built
- 1999
- Lot size
- 1.10 lot acres
- Property size
- 4,237 SF
- Property type
- Drive through restaurants
- APN
- 06-029-20-11-0014
- APU
- 602920110014
Description
This exceptional investment opportunity presents the fee simple ownership of a 4,337 square foot Arby's restaurant with a drive-thru, located at 5990 Neal Ave N, Stillwater, MN 55082 (Oak Park Heights, Washington County). The property sits on a 1.39-acre lot and includes 62 parking spaces. Built in 1999, this single-tenant property boasts a 100% occupancy rate with a corporate-guaranteed Absolute NNN lease. The current lease, commencing February 20, 2001, and expiring December 31, 2031, has approximately 7.1 years remaining, with two 5-year renewal options. Each option includes an 8% rent increase at the beginning of the term. The current asking price is $1,750,000, representing a price per square foot of $403.50 and a 5.52% cap rate. The property generates a Net Operating Income (NOI) of $96,600. The property benefits from its strategic location near major roadways, including State Highway 36 (40,500 vehicles per day), and is surrounded by strong national retailers such as Walmart, Target, Lowe's, and T.J. Maxx, as well as numerous residential communities. The 5-mile trade area boasts over 142,000 residents and 24,000 daytime employees, with an average household income exceeding $142,211. This property offers a management-free investment opportunity with built-in rent growth, making it an ideal addition to any portfolio. The property's APN is 06-029-20-11-0014 and is zoned for commercial use.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,450,000
- ML approach
- $1,460,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Stillwater
- County
- Washington
- State
- Minnesota
- Longitude
- -92.8458
- Latitude
- 45.035
- 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
$24,532
$479,800
$406,100
$885,900
-
$479,800
$406,100
$885,900
