Retail Space - For Sale
2215 East Main Street Albert Lea, MN 56007
Details & Description
Price: $2,074,074
  • Property Type Retail for Sale : Food Service
  • Lot Size Acres 1.580
  • Building Sq Ft 4,230
  • Building Price per Sq Ft $490.32
  • Land Sq Ft 68,824
  • Land Price per Sq Ft $30.14
  • NOI $140,000
  • CAP Rate % 6.75
Brisky Net Lease is pleased to offer this Perkins restaurant in Albert Lea, a sizable city in Southern Minnesota. This long established Perkins has been a permanent fixture of this community, and has an NNN Lease with zero landlord responsibilities. Located along the main thoroughfare, appreciate solid visibility and signage. Additionally, the property is also surrounded by local businesses, retailers and busy restaurants on Main Street.Albert Lea is about 10 miles north of the Iowa border and 90 miles south of the Twin Cities and is located at the junction of Interstates 35 and 90. Albert Lea also known as "The Land Between the Lakes" because the city is surrounded by lakes. It is also the first city in the United States designated as a Blue Zones City and has received international attention for efforts promoting long life and healthy living.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.
Property Highlights
Additional Photos
Listing Agents
Brian Brisky

O: 612-413-4200
M: 715-529-4441
info@brisky.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.

2215 East Main Street

Albert Lea, MN 56007

Listing ID: 299574
Property No Longer Listed
  • Property Type Retail for Sale : Food Service
  • Lot Size Acres 1.580
  • Building Sq Ft 4,230
  • Building Price per Sq Ft $490.32
  • Land Sq Ft 68,824
  • Land Price per Sq Ft $30.14
  • NOI $140,000
  • CAP Rate % 6.75
  • 2215 East Main Street Albert Lea, MN 56007 | for Sale | Photo 1
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Property Highlights
 Longterm Established Tenant - 45+ Years
 Absolute NNN Lease with Zero Landlord Responsibilities
 High Profile Location Along a Main Thoroughfare
 Ample Parking, Great Signage and Traffic Counts
Description

Brisky Net Lease is pleased to offer this Perkins restaurant in Albert Lea, a sizable city in Southern Minnesota. This long established Perkins has been a permanent fixture of this community, and has an NNN Lease with zero landlord responsibilities. Located along the main thoroughfare, appreciate solid visibility and signage. Additionally, the property is also surrounded by local businesses, retailers and busy restaurants on Main Street.

Albert Lea is about 10 miles north of the Iowa border and 90 miles south of the Twin Cities and is located at the junction of Interstates 35 and 90. Albert Lea also known as "The Land Between the Lakes" because the city is surrounded by lakes. It is also the first city in the United States designated as a Blue Zones City and has received international attention for efforts promoting long life and healthy living.

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.

Albert Lea Area Market Trends

Listing Demographics for 2215 East Main Street Albert Lea, MN 56007

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 Population2,26116,17418,551
Population Median Age394343
Population by Age0-9 Yrs304 (13%)2020 (12%)2324 (12%)
10-19 Yrs266 (11%)1753 (10%)2019 (10%)
20-29 Yrs310 (13%)1694 (10%)1923 (10%)
30-39 Yrs253 (11%)1839 (11%)2102 (11%)
40-49 Yrs342 (15%)1858 (11%)2086 (11%)
50-59 Yrs300 (13%)2233 (13%)2554 (13%)
60-69 Yrs160 (7%)1896 (11%)2242 (12%)
70+ Yrs326 (14%)2881 (17%)3301 (17%)
Median HH Income$44,992$45,279$46,974
Total Household Income< 24K236 (24%)1783 (24%)1924 (23%)
25-49K287 (29%)2108 (29%)2349 (29%)
50-74K203 (20%)1392 (19%)1577 (19%)
75-99K115 (11%)829 (11%)957 (11%)
100-199K89 (9%)855 (11%)1065 (13%)
200K+42 (4%)172 (2%)219 (2%)
Highest Education LevelNo Diploma34818912059
Diploma or GED54338224384
Some College34924852843
Assoc. Degree20015311773
Bachelors Degree9812701504
Higher Degree29582700
Total Housing Units1,1367,9698,993
--Owner-Occupied6434,9715,741
--Renter-Occupied3312,1692,350
Owner-Occupied Values< 100K43024782744
100-199K16617382009
200-299K26462593
300-399K11163217
400-499K06587
500K+96490
Total Working Age Population1,74313,07014,958
In Work Force1,1267,8038,980
Not In Work Force6185,2675,978
Workforce Employed1,1047,4548,608
Workforce Unemployed22349371
Civlian Workforce1,1267,8038,979
Military Workforce001
Total Households9747,1398,090
Family Households5344,1904,835
Non-Family Households4392,9493,256
Married Couple3002,9203,441
Other Family2341,2701,394
Married w/Child789541,111
Single Male w/Child83279308
Single Female w/Child115625668

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

Total Working Age Population:

Total Households:

Total Working Age Population:

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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.

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930 Minnesota 3, Northfield, MN $1,865,942 10566 1.5
Closest Commercial Airports
Airport Distance (mi)
Rochester International Airport (RST) 45
Minneapolis-St Paul International (Wold-Chamberlain Airport) (MSP) 85
Des Moines International Airport (DSM) 148
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