Retail Space - For Sale
55 Coon Rapids Boulevard Northwest Minneapolis, MN 55448
Details & Description
Price: $1,199,010
  • Property Type Retail for Sale : Food Service
  • Lot Size Acres 1.400
  • Building Sq Ft 5,000
  • Building Price per Sq Ft $486.61
  • Land Sq Ft 60,983
  • Land Price per Sq Ft $19.66
  • NOI $71,941
  • CAP Rate % 6.00
Brisky Net Lease is pleased to offer this IHOP restaurant in the busy Twin Cities suburb of Coon Rapids. This long established IHOP has been a fixture of this community over the past 20 years, and has an NNN Ground Lease with zero landlord responsibilities. The property is located at the intersection of Highway 10 and Highway 47 in a busy retail corridor where it received excellent visibility. The building has a prime corner location with great underlying real estate and traffic counts exceeding 20K+ on two parcels that total about 1.4 acres.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.For over 60 years, IHOP has been a leader, innovator and expert in all things breakfast. As of September 30, 2022, there were 1,756 IHOP restaurants around the world, including all 50 states. IHOP restaurants are franchised by affiliates of Glendale, CA based Dine Brands Global, Inc. (NYSE: DIN).For more information, please contact:Cameron Cropsey | Senior Associate | MN #40555735cam@brisky.com | Direct: 612.413.4200 x104 | Cell: 952.594.5616
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.

55 Coon Rapids Boulevard Northwest

Minneapolis, MN 55448

Located at Intersection of Hwy 10 47

Listing ID: 300047
$1,199,010
For Sale
  • Property Type Retail for Sale : Food Service
  • Lot Size Acres 1.400
  • Building Sq Ft 5,000
  • Building Price per Sq Ft $486.61
  • Land Sq Ft 60,983
  • Land Price per Sq Ft $19.66
  • NOI $71,941
  • CAP Rate % 6.00
  • 55 Coon Rapids Boulevard Northwest Minneapolis, MN 55448 | for Sale | Photo 1
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Property Highlights
 Early Lease Renewal Shows Strong Commitment to the Site
 NNN Ground Lease with Zero Landlord Responsibilities
 Located Less Than a Mile Away from Northtown Mall
 Ample Parking, Great Signage and Traffic Counts
 Great Demographics and Steady Population
 20 Year Track Record at This Location
Description

Brisky Net Lease is pleased to offer this IHOP restaurant in the busy Twin Cities suburb of Coon Rapids. This long established IHOP has been a fixture of this community over the past 20 years, and has an NNN Ground Lease with zero landlord responsibilities. The property is located at the intersection of Highway 10 and Highway 47 in a busy retail corridor where it received excellent visibility. The building has a prime corner location with great underlying real estate and traffic counts exceeding 20K+ on two parcels that total about 1.4 acres.

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.

For over 60 years, IHOP has been a leader, innovator and expert in all things breakfast. As of September 30, 2022, there were 1,756 IHOP restaurants around the world, including all 50 states. IHOP restaurants are franchised by affiliates of Glendale, CA based Dine Brands Global, Inc. (NYSE: DIN).

For more information, please contact:
Cameron Cropsey | Senior Associate | MN #40555735
cam@brisky.com | Direct: 612.413.4200 x104 | Cell: 952.594.5616

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Minneapolis Area Market Trends

Listing Demographics for 55 Coon Rapids Boulevard 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 Population6,55170,278210,330
Population Median Age393938
Population by Age0-9 Yrs864 (13%)8589 (12%)28686 (13%)
10-19 Yrs814 (12%)8628 (12%)26648 (12%)
20-29 Yrs667 (10%)8755 (12%)27588 (13%)
30-39 Yrs959 (14%)10095 (14%)31192 (14%)
40-49 Yrs1025 (15%)9112 (12%)26663 (12%)
50-59 Yrs713 (10%)9417 (13%)27355 (13%)
60-69 Yrs718 (10%)7655 (10%)22995 (10%)
70+ Yrs791 (12%)8027 (11%)19203 (9%)
Median HH Income$59,581$73,124$76,420
Total Household Income< 24K479 (17%)2901 (11%)8119 (10%)
25-49K623 (23%)5541 (21%)15100 (19%)
50-74K476 (17%)5110 (19%)14738 (19%)
75-99K411 (15%)4720 (17%)13346 (17%)
100-199K671 (25%)7099 (26%)21893 (28%)
200K+22 (0%)977 (3%)4237 (5%)
Highest Education LevelNo Diploma235403910603
Diploma or GED16061456339388
Some College10271089532299
Assoc. Degree577635418573
Bachelors Degree946984129252
Higher Degree240354412625
Total Housing Units2,78227,31980,340
--Owner-Occupied1,94521,12258,564
--Renter-Occupied7365,22718,870
Owner-Occupied Values< 100K6022305096
100-199K969745817651
200-299K824896524447
300-399K5417847860
400-499K254272082
500K+142571428
Total Working Age Population5,04456,037164,572
In Work Force3,39238,775118,428
Not In Work Force1,65317,26246,144
Workforce Employed3,22837,084113,622
Workforce Unemployed1631,6904,751
Civlian Workforce3,39238,774118,372
Military Workforce0155
Total Households2,68126,34977,434
Family Households1,57717,13252,492
Non-Family Households1,1049,21724,942
Married Couple1,20712,53137,525
Other Family3704,60114,967
Married w/Child5285,05115,666
Single Male w/Child626522,462
Single Female w/Child1581,6646,012

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
Ramsey County511,0350508,640+12567,959+9616,408
Anoka County298,084+11330,844+8358,469+6380,651

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.

Listing Location & Map Views
Closest Commercial Airports
Airport Distance (mi)
Minneapolis-St Paul International (Wold-Chamberlain Airport) (MSP) 18
Rochester International Airport (RST) 93
Duluth International Airport (DLH) 129
Listing Agent
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