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Available For Sale - Retail

5,000 SF | Show Pricing $

AVAILABILITY DETAILS

Size
5,000 SF
Price/SF
Show Pricing $
Listing ID
SA513932
Notes
Brisky Net Lease is pleased to offer this IHOP restaurant in the busy Twin Cities suburb of Coon Rapids. This long established IHOP has been a fixture of this community over the past 20 years, and has an NNN Ground Lease with zero landlord responsibilities. The property is located at the intersection of Highway 10 and Highway 47 in a busy retail corridor where it received excellent visibility. The building has a prime corner location with great underlying real estate and traffic counts exceeding 20K+ on two parcels that total about 1.4 acres.



Coon Rapids serves as a bedroom community for the Minneapolis market. The community is home to the headquarters of medical device manufacturer RMS Company, healthcare and housing provider Mary T, Inc., furniture retailer HOM Furniture, and printers/publishers John Roberts Company and ECM Publishers. The community has strong demographics and a consistently growing population.



For over 60 years, IHOP has been a leader, innovator and expert in all things breakfast. As of September 30, 2022, there were 1,756 IHOP restaurants around the world, including all 50 states. IHOP restaurants are franchised by affiliates of Glendale, CA based Dine Brands Global, Inc. (NYSE: DIN).



For more information, please contact:

Cameron Cropsey | Senior Associate | MN #40555735

cam@brisky.com | Direct: 612.413.4200 x104 | Cell: 952.594.5616
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Brian Brisky, Brisky Net Lease
BRE# 40546562