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McDonald's / Domino's - 2 Tenant Retail Center

$1,395,847

211 Elm Street West, Annandale, MN 55302

Active
Last Updated: 03/25/2025

5.5

Cap Rate

76,812

NOI

Details:
Cap Rate:    5.5%
NOI:    $76,812
Building Size:    5,342 sqft
Lot Area:    0.98 acres
Year Built:    2012
Parking Spots:    55
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.

Map:
Documents:
Title
Offering Memorandum
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Location
Gallery