McDonald's / Domino's - 2 Tenant Retail Center
$1,395,847
211 Elm Street West, Annandale, MN 55302
5.5
Cap Rate
76,812
NOI
Details:
Highlights:
- McDonald's Corporate Guaranteed Lease
- Hard Corner Location - Only Signalized Intersection Along Highway 55 in Annandale
- Next Closest McDonald's or Domino's are Located Over 10 Miles Away
- The Only Other National Food Chains in Annandale are Dairy Queen and Subway
- Property Leased to Two National QSR Brands
- Low Rent, Low Price Point Investment
Description:
The Annandale Retail Center is located in Annandale Minnesota with direct frontage to highway 55, a major thoroughfare in the area. Tenants include both McDonalds Corporation and Dominos Pizza. In addition to being located on the main thoroughfare in town, it is also located on a hard corner with the only signalized intersection in Annandale along highway 55, making this the main turn in for the city. The leases feature a favorable structure allowing for most building expenses to be passed through to the tenants. McDonalds has a corporate guaranteed lease and Domino's is a strong multi-unit franchisee. This is a great bite size deal with a low rent McDonalds in a market with limited competition for business. Domino's has over 6 years remaining on their lease with annual increases and a favorable 7% increase later in 2025.
Documents:
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Offering Memorandum
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Location

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