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1702 Broadway St
Alexandria, MN 56308
Taco John's Portfolio | MN & ND Location · Retail Property For Sale
·
10,972 SF Total
Investment Highlights
- Long-Term NNN Master Lease
- Corner Locations with Drive-Thru
- Low Vacancy Markets
- Strong Store Performance
- Recent Renovations
- Established & Growing Tenant
Executive Summary
Long-Term NNN Master Lease –
The portfolio is leased under an NNN master lease structure with over 17 years of remaining term. The lease includes 2% annual rent increases throughout the remaining term and two 10-year renewal options, providing secure and predictable income.
Strong Store Performance –
Multiple locations in the portfolio rank in the upper national percentiles for visitation among Taco John’s restaurants, according to Placer.ai data.
Corner Locations with Drive-Thru –
Each property is located on a corner parcel and features a drive-thru, providing easy access and visibility from intersecting roadways.
Recent Renovations –
Several properties within the portfolio have completed recent renovations.
Low Vacancy Markets –
The portfolio is located in markets that generally report low retail vacancy and limited new construction activity relative to surrounding areas.
Established & Growing Tenant -
Taco John's has operated successfully at these locations for years, demonstrating long-term performance and stability. The company recently relocated its headquarters to St. Louis Park from Wyoming, further strengthening its presence in Minnesota. The state also has the highest concentration of Taco John’s locations nationwide with restaurants in 49 cities.
The portfolio is leased under an NNN master lease structure with over 17 years of remaining term. The lease includes 2% annual rent increases throughout the remaining term and two 10-year renewal options, providing secure and predictable income.
Strong Store Performance –
Multiple locations in the portfolio rank in the upper national percentiles for visitation among Taco John’s restaurants, according to Placer.ai data.
Corner Locations with Drive-Thru –
Each property is located on a corner parcel and features a drive-thru, providing easy access and visibility from intersecting roadways.
Recent Renovations –
Several properties within the portfolio have completed recent renovations.
Low Vacancy Markets –
The portfolio is located in markets that generally report low retail vacancy and limited new construction activity relative to surrounding areas.
Established & Growing Tenant -
Taco John's has operated successfully at these locations for years, demonstrating long-term performance and stability. The company recently relocated its headquarters to St. Louis Park from Wyoming, further strengthening its presence in Minnesota. The state also has the highest concentration of Taco John’s locations nationwide with restaurants in 49 cities.
Property Facts
| Price / SF | $799.79 CAD / SF | Number of Properties | 4 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 6.75% | Total Building Size | 10,972 SF |
| Sale Type | Investment NNN | Total Land Area | 2.21 AC |
| Status | Active |
| Price / SF | $799.79 CAD / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 6.75% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 10,972 SF |
| Total Land Area | 2.21 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Taco John's
1702 Broadway St, Alexandria, MN 56308 |
Retail | 2,584 SF | 1971 | - |
| 233 Frazee St E, Detroit Lakes, MN 56501 | Retail | 3,238 SF | 1990 | - |
|
Taco John's
1212 N Union Ave, Fergus Falls, MN 56537 |
Retail | 2,895 SF | 1965 | - |
| 801 Dakota Ave, Wahpeton, ND 58075 | Retail | 2,255 SF | 1995 | - |
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