5625 96TH AVE N

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5625 96TH AVE N

BROOKLYN PARK, MN 55443-4505
Asking Price
$3.09M
Cap Rate
4.8%
Asset Type
QSR/Fast Food Retail
Class
Class B

What's Special

Raising Canes in Minneapolis MSA | Strong Store Sales | Trophy Freeway Location <p><strong>THE OFFERING</strong></p><p>Completed in 2021, this Raising Cane’s is situated on a prominent 1.85- acre parcel in Brooklyn Park, Minnesota and features a 3,384 SF modern prototype designed for high-volume efficiency, including a dual-lane drive thru configuration that maximizes throughput and operational performance. The property is secured by a 15-year absolute NNN corporate-guaranteed ground lease with Raising Cane’s Restaurants, LLC, commencing September 2, 2021 and extending thro

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NOI
$80,000
Cap Rate
2.59%
DSCR
0.44
Underwater
Cash-on-Cash
-11.17%
Monthly Payment
$15,306.187
Annual Cash Flow
$-103,674.244

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