Mankato, MN Retail Property For Sale

Brisky Net Lease is pleased to offer this Bakers Square restaurant in the vibrant southern Minnesota community of Mankato. This long established Bakers Square has an NNN Lease with zero landlord responsibilities. The building features over 5,000 SF on a 1+ acre corner lot, high traffic counts, & superb access. Appreciate great underlying real estate with possible potential for future redevelopment.

Mankato is located 80 miles southwest of Minneapolis and just 50 miles north of the Iowa border. The community serves as an economic and shopping hub for a large surrounding area in southern Minnesota. This Bakers Square is located at the center of a larger retail corridor that includes several national retail tenants such as Walmart, Sam's Club, T.J. Maxx, Petco, Michaels, Five Below, ULTA, Hy-Vee and the River Hills Mall in close proximity. The community has strong demographics and a consistently growing population.

Known for incredible pies, Bakers Square pies have placed first in the American Pie Council National Pie Championships not once, but over 300 times in the last decade. Bakers Square was founded in 1969 as Mrs. C's in Des Moines, Iowa. In July 2021, VIBSQ Holdings was sold to BBQ Holdings, Inc. and is now owned and managed by the parent company of Famous Dave's BBQ.

Highlights

• Rare 3% Annual Bumps with Term Through

January 2028

• Absolute NNN Lease with Zero Landlord

Responsibilities

• High Profile Location with Great Underlying Real

Estate

• Surrounded by National Retail Tenants

• Close Proximity to River Hills Mall

• Longterm Established Tenant

This is part of a portfolio sale that includes:

2124 3rd Ave, Mankato, MN &

2202 4th Ave, Mankato, MN

Over 11 acres of property for sale in Mankato's industrial artery. This property has direct access to US Highway 14, a major highway connection for Southern Minnesota, and Riverfront Drive for easy access to downtown Mankato. Excellent traffic counts and visibility from Highway Each building has two overhead power doors measuring 16 feet high and the building on 3rd Ave. Also has a manual 8'x8' overhead door. Both buildings have paved parking lots.

Brisky Net Lease is pleased to offer this Applebee's on a phenomenal site in Mankato, MN. This NNN Lease has zero landlord responsibilities, 5+ years of term remaining with Applebee's largest franchisee. Investors will appreciate the opportunity to invest in a popular, highly recognizable national restaurant chain. This Applebee's has great visibility and great underlying real estate on a high traffic corner that is located across in Mankato's core retail area.

This Applebee's is located in northeastern Mankato, just off Highway 14 which is a main east west route in southern Minnesota. Mankato is located 80 miles southwest of Minneapolis and just 50 miles north of the Iowa border. The community serves as an economic and shopping hub for a large surrounding area in southern Minnesota. This Applebee's is located at the center of a larger retail corridor that includes several national retail tenants such as Walmart, Sam's Club, T.J. Maxx, Petco, Michaels, Five Below, ULTA, Hy-Vee and the River Hills Mall. The community has strong demographics and a consistently growing population.

As one of the world’s largest casual dining brands, Applebee’s Neighborhood Grill + Bar serves as America’s kitchen table. Founded in 1980, Applebee’s franchise operations consisted of 1,670 Applebee’s restaurants in the United States, two U.S. territories and 11 countries outside the United States as of September 30, 2022.

Property Highlights

• Absolute NNN Lease with Zero Landlord Responsibilities

• Largest Applebee’s Franchisee - 440+ Units

• Great Corner Location, Visibility & Signage

• Great Market with Strong Demographics

• Located within a Larger Retail Area

• Long Term Established Tenant