Shakopee, MN – Lee & Associates, one of the largest national commercial real estate firms, has completed the $1,420,000 investment sale of a 3,534-square-foot standalone retail building with drive-thru in Shakopee, MN, a suburb of the Twin Cities, located 25 miles to the southwest.
The building is leased to the largest Kentucky Fried Chicken franchisee operator in the State of Minnesota. There are 11 years remaining on the 15-year absolute NNN lease, which featured 1.50% annual rent increases. The tenant reported strong sales at this location and recently completed a store remodel in 2019.
Ryan Barr and Ryan Bennett of Lee & Associates – North San Diego County represented the Seller in conjunction with Lee & Associates Twin Cities, LLC. This sale marks the 4th successful QSR investment transaction completed on behalf of the Seller. The sale was an off-market transaction.
Barr & Bennett Net Leased Investment Group, a team within Lee & Associates-North San Diego County, specializes in the acquisition and disposition of net leased assets nationwide.