Retail Space - For Sale
1900 Adams Street Mankato, MN 56001
Details & Description
Price: $4,725,683
  • Property Type Retail for Sale : Food Service
  • Lot Size Acres 1.320
  • Building Sq Ft 5,443
  • Building Price per Sq Ft $868.21
  • Land Sq Ft 57,499
  • Land Price per Sq Ft $82.19
  • NOI $342,612
  • CAP Rate % 7.25
Brisky Net Lease is pleased to offer this Applebee's on a phenomenal site in Mankato, MN. This NNN Lease has zero landlord responsibilities, 5+ years of term remaining with Applebee's largest franchisee. Investors will appreciate the opportunity to invest in a popular, highly recognizable national restaurant chain. This Applebee's has great visibility and great underlying real estate on a high traffic corner that is located across in Mankato's core retail area.This Applebee's is located in northeastern Mankato, just off Highway 14 which is a main east west route in southern Minnesota. Mankato is located 80 miles southwest of Minneapolis and just 50 miles north of the Iowa border. The community serves as an economic and shopping hub for a large surrounding area in southern Minnesota. This Applebee's is located at the center of a larger retail corridor that includes several national retail tenants such as Walmart, Sam's Club, T.J. Maxx, Petco, Michaels, Five Below, ULTA, Hy-Vee and the River Hills Mall. The community has strong demographics and a consistently growing population.As one of the world’s largest casual dining brands, Applebee’s Neighborhood Grill + Bar serves as America’s kitchen table. Founded in 1980, Applebee’s franchise operations consisted of 1,670 Applebee’s restaurants in the United States, two U.S. territories and 11 countries outside the United States as of September 30, 2022.
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.

1900 Adams Street

Mankato, MN 56001

Located in Mankatos Core Retail Area

Listing ID: 300044
$4,725,683
For Sale
  • Property Type Retail for Sale : Food Service
  • Lot Size Acres 1.320
  • Building Sq Ft 5,443
  • Building Price per Sq Ft $868.21
  • Land Sq Ft 57,499
  • Land Price per Sq Ft $82.19
  • NOI $342,612
  • CAP Rate % 7.25
  • 1900 Adams Street Mankato, MN 56001 | for Sale | Photo 1
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Property Highlights
 Absolute NNN Lease with Zero Landlord Responsibilities
 Largest Applebee’s Franchisee - 440+ Units
 Great Corner Location, Visibility & Signage
 Great Market with Strong Demographics
 Located within a Larger Retail Area
 Long Term Established Tenant
Description

Brisky Net Lease is pleased to offer this Applebee's on a phenomenal site in Mankato, MN. This NNN Lease has zero landlord responsibilities, 5+ years of term remaining with Applebee's largest franchisee. Investors will appreciate the opportunity to invest in a popular, highly recognizable national restaurant chain. This Applebee's has great visibility and great underlying real estate on a high traffic corner that is located across in Mankato's core retail area.

This Applebee's is located in northeastern Mankato, just off Highway 14 which is a main east west route in southern Minnesota. Mankato is located 80 miles southwest of Minneapolis and just 50 miles north of the Iowa border. The community serves as an economic and shopping hub for a large surrounding area in southern Minnesota. This Applebee's is located at the center of a larger retail corridor that includes several national retail tenants such as Walmart, Sam's Club, T.J. Maxx, Petco, Michaels, Five Below, ULTA, Hy-Vee and the River Hills Mall. The community has strong demographics and a consistently growing population.

As one of the world’s largest casual dining brands, Applebee’s Neighborhood Grill + Bar serves as America’s kitchen table. Founded in 1980, Applebee’s franchise operations consisted of 1,670 Applebee’s restaurants in the United States, two U.S. territories and 11 countries outside the United States as of September 30, 2022.

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Mankato Area Market Trends

Listing Demographics for 1900 Adams Street Mankato, MN 56001

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 Population2,76528,80957,047
Population Median Age403535
Population by Age0-9 Yrs249 (9%)2851 (9%)6395 (11%)
10-19 Yrs437 (15%)3613 (12%)8164 (14%)
20-29 Yrs418 (15%)9134 (31%)14976 (26%)
30-39 Yrs312 (11%)3395 (11%)7156 (12%)
40-49 Yrs340 (12%)2534 (8%)5075 (8%)
50-59 Yrs239 (8%)2218 (7%)4849 (8%)
60-69 Yrs379 (13%)2676 (9%)5551 (9%)
70+ Yrs390 (14%)2388 (8%)4881 (8%)
Median HH Income$56,045$50,015$57,250
Total Household Income< 24K212 (18%)2982 (24%)4672 (20%)
25-49K241 (20%)3014 (25%)5398 (23%)
50-74K299 (25%)2090 (17%)3931 (17%)
75-99K125 (10%)1594 (13%)3219 (14%)
100-199K232 (19%)2027 (16%)4483 (19%)
200K+59 (5%)288 (2%)840 (3%)
Highest Education LevelNo Diploma17610391721
Diploma or GED54337847723
Some College27634016397
Assoc. Degree19219173814
Bachelors Degree40237858346
Higher Degree20717484215
Total Housing Units1,25312,94424,438
--Owner-Occupied6575,64112,569
--Renter-Occupied5116,3539,975
Owner-Occupied Values< 100K797711519
100-199K17925375089
200-299K25216053938
300-399K1114351072
400-499K14124399
500K+23169552
Total Working Age Population2,20524,30047,312
In Work Force1,43017,54533,939
Not In Work Force7756,75513,373
Workforce Employed1,32016,70432,453
Workforce Unemployed1098081,423
Civlian Workforce1,42917,51233,876
Military Workforce13363
Total Households1,16811,99422,544
Family Households6645,73612,072
Non-Family Households5046,25910,472
Married Couple4573,8838,760
Other Family2071,8533,311
Married w/Child2071,6173,571
Single Male w/Child64465795
Single Female w/Child606441,263

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Minnesota4,919,479+85,303,925+75,687,161+55,974,304
Le Sueur County25,426+927,703+228,193+128,469
Nicollet County29,771+1032,727+433,965+234,748
Blue Earth County55,941+1464,013+768,348+471,389

Total Working Age Population:

Total Households:

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
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7525 148th Street West, Apple Valley, MN CALL 9333 -
7600 146th Street West, Apple Valley, MN $690,000 6640 0.77
Closest Commercial Airports
Airport Distance (mi)
Minneapolis-St Paul International (Wold-Chamberlain Airport) (MSP) 61
Rochester International Airport (RST) 74
Sioux Gateway Airport / Brigadier General Bud Day Field (SUX) 173
Listing Agent
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