Retail Space - For Sale
12951 Riverdale Drive Northwest Minneapolis, MN 55448
Details & Description
Price: $2,438,991
  • Property Type Retail for Sale : Food Service
  • Lot Size Acres 1.100
  • Building Sq Ft 4,989
  • Building Price per Sq Ft $488.87
  • Land Sq Ft 47,916
  • Land Price per Sq Ft $50.90
  • NOI $158,534
  • CAP Rate % 6.50
Brisky Net Lease is pleased to offer this Bakers Square restaurant in the busy Twin Cities suburb of Coon Rapids. This long established Bakers Square has been a fixture of this community, and has an NNN Lease with zero landlord responsibilities. Located at the major intersection of Highway 10 and Round Lake Boulevard, visibility is excellent, being in front of the Riverdale Crossing Retail Area. The building features nearly 5,000 SF on over an acre with signage and close access to Highway 10. Great underlying real estate with tons of potential for redevelopment at a later date too.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.Known for incredible pies, Bakers Square pies have placed first in the American Pie Council National Pie Championships not once, but over 300 times in the last decade. Bakers Square was founded in 1969 as Mrs. C's in Des Moines, Iowa. In July 2021, VIBSQ Holdings was sold to BBQ Holdings, Inc. and is now owned and managed by the parent company of Famous Dave's BBQ.
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.

12951 Riverdale Drive Northwest

Minneapolis, MN 55448

Riverdale Crossing Retail Area

Listing ID: 300038
$2,438,991
For Sale
  • Property Type Retail for Sale : Food Service
  • Lot Size Acres 1.100
  • Building Sq Ft 4,989
  • Building Price per Sq Ft $488.87
  • Land Sq Ft 47,916
  • Land Price per Sq Ft $50.90
  • NOI $158,534
  • CAP Rate % 6.50
  • 12951 Riverdale Drive Northwest Minneapolis, MN 55448 | for Sale | Photo 1
  • 12951 Riverdale Drive Northwest Minneapolis, MN 55448 | for Sale | Photo 2
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Property Highlights
 High Profile Location within the Riverdale Crossing Shopping Mall
 Absolute NNN Lease with Zero Landlord Responsibilities
 Ample Parking, Great Signage and Traffic Counts
 Great Demographics and Steady Population
 Long Term Established Tenant
Description

Brisky Net Lease is pleased to offer this Bakers Square restaurant in the busy Twin Cities suburb of Coon Rapids. This long established Bakers Square has been a fixture of this community, and has an NNN Lease with zero landlord responsibilities. Located at the major intersection of Highway 10 and Round Lake Boulevard, visibility is excellent, being in front of the Riverdale Crossing Retail Area. The building features nearly 5,000 SF on over an acre with signage and close access to Highway 10. Great underlying real estate with tons of potential for redevelopment at a later date too.

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.

Known for incredible pies, Bakers Square pies have placed first in the American Pie Council National Pie Championships not once, but over 300 times in the last decade. Bakers Square was founded in 1969 as Mrs. C's in Des Moines, Iowa. In July 2021, VIBSQ Holdings was sold to BBQ Holdings, Inc. and is now owned and managed by the parent company of Famous Dave's BBQ.

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Minneapolis Area Market Trends

Listing Demographics for 12951 Riverdale Drive Northwest Minneapolis, MN 55448

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 Population7,34167,409151,026
Population Median Age404039
Population by Age0-9 Yrs840 (11%)7625 (11%)19027 (12%)
10-19 Yrs1025 (13%)8732 (12%)19988 (13%)
20-29 Yrs816 (11%)8631 (12%)17998 (11%)
30-39 Yrs1008 (13%)9257 (13%)21264 (14%)
40-49 Yrs848 (11%)8463 (12%)20066 (13%)
50-59 Yrs1127 (15%)9894 (14%)22098 (14%)
60-69 Yrs1017 (13%)7572 (11%)16600 (10%)
70+ Yrs660 (8%)7236 (10%)13987 (9%)
Median HH Income$76,952$79,288$88,336
Total Household Income< 24K265 (9%)2636 (10%)4707 (8%)
25-49K532 (18%)4746 (18%)8947 (16%)
50-74K572 (20%)4685 (18%)8951 (16%)
75-99K553 (19%)4441 (17%)9423 (17%)
100-199K837 (29%)7654 (29%)18732 (33%)
200K+65 (2%)1497 (5%)4503 (8%)
Highest Education LevelNo Diploma24821834475
Diploma or GED14091274026870
Some College11951206225463
Assoc. Degree691605514107
Bachelors Degree1004977422348
Higher Degree43839219700
Total Housing Units2,89726,32756,590
--Owner-Occupied2,14519,02444,154
--Renter-Occupied6806,63511,109
Owner-Occupied Values< 100K63141165
100-199K792527310894
200-299K1096897518633
300-399K15131378850
400-499K677273033
500K+325981579
Total Working Age Population5,82254,651119,550
In Work Force4,09038,13586,438
Not In Work Force1,73316,51633,113
Workforce Employed3,99536,63483,462
Workforce Unemployed891,4352,896
Civlian Workforce4,08438,06986,358
Military Workforce66680
Total Households2,82525,65955,263
Family Households2,01917,71239,316
Non-Family Households8067,94715,947
Married Couple1,58713,73730,849
Other Family4323,9758,467
Married w/Child5835,18912,738
Single Male w/Child536501,293
Single Female w/Child1811,8453,813

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Minnesota4,919,479+85,303,925+75,687,161+55,974,304
Hennepin County1,116,200+31,152,425+121,294,371+91,407,332
Anoka County298,084+11330,844+8358,469+6380,651

Total Working Age Population:

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Total Working Age Population:

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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.

Listing Location & Map Views
Closest Commercial Airports
Airport Distance (mi)
Minneapolis-St Paul International (Wold-Chamberlain Airport) (MSP) 23
Rochester International Airport (RST) 99
Duluth International Airport (DLH) 126
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