211 Elm St W 5,342 SF 100% Leased 4-Star Retail Building Annandale, MN 55302 $1,948,491 CAD ($364.75 CAD/SF) 5.50% Cap Rate

The Annandale Retail Center is located in Annandale Minnesota with direct frontage to highway 55, a major thoroughfare in the area. Tenants include both McDonalds Corporation and Dominos Pizza. In addition to being located on the main thoroughfare in town, it is also located on a hard corner with the only signalized intersection in Annandale along highway 55, making this the main turn in for the city. The leases feature a favorable structure allowing for most building expenses to be passed through to
the tenants. McDonalds has a corporate guaranteed lease and Domino's is a strong multi-unit franchisee. This is a great bite size deal with a low rent McDonalds in a market with limited competition for business. Domino's has over 6 years remaining on their lease with annual increases and a favorable 7% increase later in 2025.