Retail Space
1308 18th Avenue Northwest Austin, MN 55912
Details & Description
Price: $1,920,000
    SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate guaranteed, drive-thru equipped, Arby’s investment property located in Austin, Minnesota (Rochester MSA). The tenant, Franchise Associates LLC, recently executed a brand new 10-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 1% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is corporate guaranteed by 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 3,400 restaurants in eight countries.
    Listing Agents
    Chad Lieber

    O: 619-489-9004
    chad.lieber@srsre.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    1308 18th Avenue Northwest

    Austin, MN 55912

    Listing ID: 255026
    • 1308 18th Avenue Northwest Austin, MN 55912 | for Sale | Photo 1
    • 1308 18th Avenue Northwest Austin, MN 55912 | for Sale | Photo 2
    1308 18th Avenue Northwest | for Sale | Thumbnail 1
    1308 18th Avenue Northwest | for Sale | Thumbnail 2
    Building Size: 3,713 SF
    Lot Size: 1.000 AC
    Land Size: 43,560 SF
    Building $/SF: $517.10
    Land $/SF: $44.08
    Price
    $1,920,000
    Description

    SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate guaranteed, drive-thru equipped, Arby’s investment property located in Austin, Minnesota (Rochester MSA). The tenant, Franchise Associates LLC, recently executed a brand new 10-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 1% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is corporate guaranteed by 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 3,400 restaurants in eight countries.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     

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    Austin Area Market Trends

    Listing Demographics for 1308 18th Avenue Northwest Austin, MN 55912

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population3,67724,22627,479
    Population Median Age403839
    Population by Age0-9 Yrs455 (12%)3716 (15%)4102 (14%)
    10-19 Yrs515 (14%)3060 (12%)3516 (12%)
    20-29 Yrs345 (9%)3098 (12%)3371 (12%)
    30-39 Yrs657 (17%)3375 (13%)3716 (13%)
    40-49 Yrs364 (9%)2650 (10%)3015 (10%)
    50-59 Yrs454 (12%)2939 (12%)3363 (12%)
    60-69 Yrs351 (9%)2356 (9%)2855 (10%)
    70+ Yrs536 (14%)3032 (12%)3542 (12%)
    Median HH Income$49,499$46,812$48,530
    Total Household Income< 24K228 (15%)2438 (25%)2685 (24%)
    25-49K521 (35%)2654 (27%)2910 (26%)
    50-74K253 (17%)1611 (16%)1855 (17%)
    75-99K145 (9%)1195 (12%)1402 (12%)
    100-199K296 (20%)1348 (14%)1626 (14%)
    200K+33 (2%)343 (3%)406 (3%)
    Highest Education LevelNo Diploma41926092813
    Diploma or GED65248505589
    Some College45831663624
    Assoc. Degree35316902026
    Bachelors Degree28322242637
    Higher Degree34514061556
    Total Housing Units1,56210,61112,044
    --Owner-Occupied9626,2837,323
    --Renter-Occupied5153,3073,562
    Owner-Occupied Values< 100K43530623318
    100-199K38220202457
    200-299K57592794
    300-399K59323409
    400-499K19143167
    500K+9144178
    Total Working Age Population2,81918,59621,186
    In Work Force1,76311,84113,471
    Not In Work Force1,0576,7557,714
    Workforce Employed1,72511,27212,869
    Workforce Unemployed38568603
    Civlian Workforce1,76311,84113,471
    Military Workforce000
    Total Households1,4779,59010,885
    Family Households8795,6436,627
    Non-Family Households5983,9474,258
    Married Couple6624,0254,834
    Other Family2161,6181,793
    Married w/Child2351,6531,876
    Single Male w/Child111478501
    Single Female w/Child61580656

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Minnesota4,919,479+85,303,925+75,687,161+55,974,304
    Freeborn County32,584-431,255-430,096-528,718
    Mower County38,603+139,163038,999-238,062

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 1308 18th Avenue Northwest in Austin?
    The asking price for 1308 18th Avenue Northwest is $1,920,000
    What is the building size of this Retail property in Austin, MN?
    The size of the building/unit at 1308 18th Avenue Northwest in Austin is 3,713 square feet
    How much land does the Austin, MN property at 1308 18th Avenue Northwest include?
    1308 18th Avenue Northwest in Austin includes 1.000 acres of land
    What kind of Retail is the propery at 1308 18th Avenue Northwest?
    The property at 1308 18th Avenue Northwest Austin, MN 55912 is listed as a Food Service Retail property
    What is the population within 1 mile of 1308 18th Avenue Northwest in Austin?
    The population within 1 mile of 1308 18th Avenue Northwest Austin, MN 55912 is 3,677 people.
    Who do I contact for questions about 1308 18th Avenue Northwest?
    You should contact the listing agent, Chad Lieber, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Rochester International Airport (RST) 29
    Minneapolis-St Paul International (Wold-Chamberlain Airport) (MSP) 83
    The Eastern Iowa Airport (CID) 140