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4355 W Frontage Rd
Owatonna, MN 55060
Retail Property For Sale
Investment Highlights
- Long-term Famous Dave’s franchisee with over 21 years of continuous operation at this location.
- Recent $300,000+ in exterior capital improvements completed in 2025, reducing near-term risk.
- Positioned within a major retail and dining corridor anchored by Bass Pro Shops and national hotel brands.
- Highly visible site along Interstate 35 with strong regional traffic and convenient access.
- Triple Net (NNN) lease structure minimizes landlord responsibilities and operating costs.
- 1.45-acre parcel with 103 parking stalls and B-2 Community Business zoning.
Executive Summary
This offering presents an opportunity to acquire the fee-simple real estate underlying a long-standing Famous Dave’s BBQ restaurant in Owatonna, Minnesota. The property is leased to Rib Kings of Owatonna, LLC, a multi-unit Famous Dave’s franchisee, under a Triple Net (NNN) lease through November 2026. The tenant has operated at this location for over 21 years, demonstrating strong site viability and market acceptance. The 6,079-square-foot freestanding building sits on a 1.45-acre parcel with direct visibility from Interstate 35, one of the region’s primary transportation corridors. The site benefits from convenient access via multiple interchanges and adjacency to a major retail and dining cluster anchored by Bass Pro Shops and Timber Lodge Steakhouse. This high-traffic location captures both local and regional demand, as well as interstate travelers.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,079 SF
Year Built
2004
Price
$1,658,433 CAD
Price Per SF
$272.81 CAD
Cap Rate
7%
NOI
$116,090 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.44 AC
Zoning
B-2 - Community Business
Amenities
- Freeway Visibility
- Restaurant
- Signage
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 17-576-0201 | Improvements Assessment | $903,995 CAD |
| Land Assessment | $347,924 CAD | Total Assessment | $1,251,920 CAD |
Property Taxes
Parcel Number
17-576-0201
Land Assessment
$347,924 CAD
Improvements Assessment
$903,995 CAD
Total Assessment
$1,251,920 CAD
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