Retail Space / Minnesota / Brainerd / 56401 / 623 West Washington Street

623 West Washington Street

Brainerd, MN 56401

Perkins

Listing ID: 292401

$3,184,000

For Sale

Property Type Retail for Sale : Food Service
Lot Size Acres 1.270
Building Sq Ft 6,050
Building Price per Sq Ft $548.21
Land Sq Ft 55,321
Land Price per Sq Ft $59.95
NOI $199,000
CAP Rate % 6.25

623 West Washington Street | for Sale | Thumbnail 2

623 West Washington Street | for Sale | Thumbnail 3

Property Highlights

• Located in a Great Vacation Market with Valuable Underlying Real Estate

• High Profile Location Along a Main Thoroughfare

• Absolute NNN Lease with Zero Landlord Responsibilities

• Ample Parking, Great Signage and Traffic Counts

Description

Brisky Net Lease is pleased to offer this long term leased Perkins Restaurant in Brainerd, MN a popular vacation destination in the upper Midwest. This proven restaurant site has an NNN Lease with zero landlord responsibilities. The Brainerd Perkins has a high traffic location along a busy retail corridor with great visibility and easy access. Surrounding retailers include AutoZone, Walgreens, Ace Hardware, several QSR locations, Wells Fargo, Lakes 12 Theater, the Westgate Mall, and others.
The Brainerd Lakes Area is a major tourist destination for Minnesota about two hours north of the Twin Cities, and nestled among more than 500 area lakes. According to Crow Wing County the county has an average population of nearly 60,000 and this increases as much as 3 times during the summer months by people enjoying the Brainerd Lakes Area.
Perkins was founded in 1958 as a single pancake house in Ohio and has transformed into the nation's leading family restaurant. Today the restaurant has nearly 300 company-owned and franchised locations in 32 states and two Canadian provinces.

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Listing Demographics for 623 West Washington Street Brainerd, MN 56401

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 Population		2,850	16,552	25,095
Population Median Age		40	40	39
Population by Age	0-9 Yrs	331 (11%)	2390 (14%)	3694 (14%)
	10-19 Yrs	210 (7%)	1583 (9%)	2724 (10%)
	20-29 Yrs	661 (23%)	2596 (15%)	3531 (14%)
	30-39 Yrs	302 (10%)	2076 (12%)	3184 (12%)
	40-49 Yrs	310 (10%)	1646 (9%)	2706 (10%)
	50-59 Yrs	270 (9%)	1874 (11%)	2979 (11%)
	60-69 Yrs	423 (14%)	1951 (11%)	3094 (12%)
	70+ Yrs	344 (12%)	2436 (14%)	3184 (12%)

Median HH Income		$35,844	$42,879	$48,592
Total Household Income	< 24K	451 (33%)	2097 (28%)	2613 (24%)
	25-49K	484 (35%)	2183 (29%)	2837 (26%)
	50-74K	179 (13%)	1287 (17%)	1862 (17%)
	75-99K	107 (7%)	620 (8%)	1127 (10%)
	100-199K	115 (8%)	941 (12%)	1857 (17%)
	200K+	25 (1%)	184 (2%)	310 (2%)

Highest Education Level	No Diploma	128	750	975
	Diploma or GED	797	3823	5145
	Some College	473	2928	4414
	Assoc. Degree	187	1309	2323
	Bachelors Degree	218	1375	2306
	Higher Degree	157	966	1716

Total Housing Units		1,441	7,770	11,408
--Owner-Occupied		434	3,690	6,332
--Renter-Occupied		928	3,622	4,275
Owner-Occupied Values	< 100K	116	821	1084
	100-199K	205	1743	2703
	200-299K	57	783	1672
	300-399K	36	214	510
	400-499K	14	81	198
	500K+	5	47	165

Total Working Age Population		2,383	13,227	19,775
In Work Force		1,351	8,062	12,643
Not In Work Force		1,032	5,165	7,132
Workforce Employed		1,203	7,710	12,194
Workforce Unemployed		149	346	436
Civlian Workforce		1,351	8,057	12,630
Military Workforce		0	5	13

Total Households		1,361	7,312	10,607
Family Households		571	3,858	6,241
Non-Family Households		790	3,454	4,366
Married Couple		393	2,561	4,431
Other Family		178	1,297	1,809
Married w/Child		166	985	1,722
Single Male w/Child		23	235	379
Single Female w/Child		101	666	889

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Minnesota	4,919,479	+8	5,303,925	+7	5,687,161	+5	5,974,304
Crow Wing County	55,099	+13	62,500	+4	65,189	+3	67,282

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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.

Listing Location & Map Views

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