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Quick-Serve Restaurant Opportunity 105 S Oak Ave 1,266 SF of Retail Space Available in Owatonna, MN 55060
Highlights
- Turnkey QSR Site
- Strong Visibility
- Restaurant Infrastructure
- Downtown Owatonna Location
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,266 SF | Negotiable | $20.53 CAD/SF/YR $1.71 CAD/SF/MO $25,992 CAD/YR $2,166 CAD/MO | Triple Net (NNN) |
1st Floor
Excellent quick-service restaurant opportunity in Downtown Owatonna, Minnesota. Owatonna serves as a vibrant regional hub with strong local and visitor demand. This former Pizza Hut features built-in restaurant infrastructure, including hood and venting, a walk-in cooler/freezer, and an established layout suited for efficient operations. Positioned on a high-visibility site within Owatonna’s downtown retail and dining district, the property benefits from convenient access to major corridors (I-35/US-14) and a diverse, growing local economy. Ideal for local, regional, or national concepts, this location offers a compelling entry point with exposure, infrastructure, and strong market fundamentals already in place.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Fast Food Restaurant
- Central Air and Heating
- Display Window
- Wheelchair Accessible
- Turnkey QSR Site
- Restaurant Infrastructure
- Strong Visibility
- Downtown Owatonna Location
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at Quick-Serve Restaurant Opportunity
- Tenant
- Description
- US Locations
- Reach
- Pizza Hut
- Pizza
- 8,512
- International
| Tenant | Description | US Locations | Reach |
| Pizza Hut | Pizza | 8,512 | International |
Property Facts
| Total Space Available | 1,266 SF | Gross Leasable Area | 1,412 SF |
| Property Type | Retail | Year Built | 1958 |
| Property Subtype | Freestanding | Parking Ratio | 3.54/1,000 SF |
| Total Space Available | 1,266 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 1,412 SF |
| Year Built | 1958 |
| Parking Ratio | 3.54/1,000 SF |
About the Property
Excellent quick-service restaurant opportunity in Downtown Owatonna, Minnesota. Owatonna serves as a vibrant regional hub with strong local and visitor demand. This former Pizza Hut features built-in restaurant infrastructure, including hood and venting, a walk-in cooler/freezer, and an established layout suited for efficient operations. Positioned on a high-visibility site within Owatonna’s downtown retail and dining district, the property benefits from convenient access to major corridors (I-35/US-14) and a diverse, growing local economy. Ideal for local, regional, or national concepts, this location offers a compelling entry point with exposure, infrastructure, and strong market fundamentals already in place.
- 24 Hour Access
- Corner Lot
- Signage
- Air Conditioning
Nearby Major Retailers
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Quick-Serve Restaurant Opportunity | 105 S Oak Ave
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