Hastings, MN - Applebee's

Description:

• There are approximately two (2) years of primary lease term remaining with four (4) additional 5-year renewal options, providing stable in-place income and long-term extension potential
• Rent increases at the beginning of each option period by the greater of 10%or 95% of Fair Market Value (FMV), supporting NOI growth and providing a built-in hedge against inflation

• Strong frontage along Vermillion St (27,500 VPD), a key local thoroughfare
• Excellent visibility and multiple points of access support customer convenience and tenant performance
• Located within a dense retail corridor alongside numerous national retailers, including CVS, Walgreens, NAPA Auto Parts, and others
• The concentration of surrounding retailers drives consumer traffic to the area and promotes cross-shopping activity at the subject property

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Listing ID: a28TP0000033bMHYAY