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Arby's 5990 Neal Ave N 4,337 SF Retail Building Oak Park Heights, MN 55082 $2,079,235 CAD ($479.42 CAD/SF) 6.75% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 6+ Years Remaining | Corporate Guaranteed |Scheduled Rental Increases | Established Brand
  • Nearby Walmart & Target | Retail Corridor | Strong National/Credit Tenant Presence
  • Direct Residential Consumer Base | Six-Figure Incomes |Strong Demographics in 5-Mile Trade Area
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Quick Access to State Highway 36 | Drive-Thru Equipped

EXECUTIVE SUMMARY

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate guaranteed, drive-thru equipped, Arby’s investment property located in Oak Park Heights, Minnesota (Minneapolis-St. Paul MSA). The tenant, Franchise Associates LLC, has 6+ years remaining in their initial lease term with 2 (5-year) options to extend. The lease features a 5% rental increase in August 2026 and 8% increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is corporate guaranteed by RTM, Inc., a subsidiary of Arby’s Restaurant Group, Inc., and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Arby’s is the second-largest sandwich restaurant brand in the world with more than 3,500 restaurants in eight countries.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,337 SF
Building Class
C
Year Built
1999
Price
$2,079,235 CAD
Price Per SF
$479.42 CAD
Cap Rate
6.75%
NOI
$140,366 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.39 AC
Zoning
Commercial
Parking
62 Spaces (14.3 Spaces per 1,000 SF Leased)
Frontage
293’ on Frontage Rd

AMENITIES

  • Corner Lot
  • Dedicated Turn Lane
  • Freeway Visibility
  • Pylon Sign
  • Restaurant
  • Signage
  • Drive Thru

NEARBY MAJOR RETAILERS

Starbucks
Huntington National Bank
Chase
Kowalski's Markets
Farrell's Extreme Bodyshaping
U.S. Bank
Buffalo Wild Wings
Pancheros Mexican Grill
CrossFit
Planet Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06-029-20-11-0014
Land Assessment
$676,091 CAD
Improvements Assessment
$894,080 CAD
Total Assessment
$1,570,171 CAD
  • Listing ID: 36757173

  • Date on Market: 2025-07-16

  • Last Updated:

  • Address: 5990 Neal Ave N, Oak Park Heights, MN 55082

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