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Views: 134 DOM: 283 Updated: 11.22.24 Posted: 03.14.24 Status: Active 03.14.24

Summary

Price $2,647,000
Built/Renov 2023
Tenant Jamba | Auntie Anne's
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 1,052
Lease Start 01-20-2024
#Units 165
Price/SF $2,516.16
Expiration 01-31-2044
Tenant Type Fast Food/QSR
NOI $172,074
R. Term 19.1
Ownership Fee Simple
Rent/SF $163.57
Increases 10.0%/5/yrs
Pop 5Mi 170,781
Lot/AC 0.80
Options 4/5yrs/10%
AHHI 5Mi $128,626

Lease Highlights

  • Jamba Drive-Thru with Auntie Anne’s signed a long-term 20-year lease with 4 (5-year) options to extend
  • Lease features 10% rental increases every 5 years throughout primary term and renewal options
  • Absolute NNN lease I Zero landlord responsibilities
  • Franchisee guaranteed lease by Fresh Dining Concepts (165 units)

Location Description

This Jamba/Auntie Anne’s Drive-Thru is located along County Road 42 West with access to 47,182 vehicles passing by daily. The subject property is located in a dense retail area with nearby tenants including Caribou Coffee, Costco, Target, Hobby Lobby, TJ Maxx, Barnes & Noble and many more. Located less than one mile away is the Burnsville Center, where 60+ stores are located. Strong tenant...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Jamba Juice (dba Jamba) is an American company that produces blended fruit and vegetable juices, smoothies and similar products and is a largely franchise-operated chain. Since opening the first...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 8,703 70,962 169,130
2023 Total Population : 8,449 70,611 167,771
2023 Employed Civilian Pop : 4,556 38,644 92,600
2023 Total Businesses : 572 2,407 5,284
2023 Average Household Income : $ 110,183 $ 114,131 $ 128,958
2023 Total Consumer Spending : $ 328 M $ 2659 M $ 6957 M
2023 Median Age : 37 38 39
2023 Total Households : 3,445 27,124 63,264
2023 Pop Age 25+: Bachelor's Degree : 1,715 14,182 37,708
2023 Average Home Value : $ 366,401 $ 364,426 $ 396,446
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Egan Dr Rosemount Dr 2018 37,000 0.15 mi
Egan Dr Co Rd 5 2016 39,000 0.19 mi
County Road 5 W 138th St 2021 13,324 0.24 mi
Co Rd 5 McAndrews Rd W 2018 16,400 0.27 mi
Co Rd 5 143rd St W 2016 15,100 0.29 mi
McAndrews Road West W 141st St 2021 13,669 0.36 mi
Egan Dr Irving Ave S 2016 35,500 0.39 mi
Kenwood Trail 144th St W 2018 15,100 0.41 mi
Southcross Dr W Hillshire Ln 2018 5,500 0.41 mi
McAndrews Rd W Irving Ave S 2017 16,000 0.44 mi

Listing Broker

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