Leeann Chin - Richfield

6412 Nicollet Avenue South Richfield, Minnesota 55423

  • 5,136 Square Feet
  • Retail
  • For Sale

Summary Description

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PROPERTY INFORMATION

Address: 6412 Nicollet Avenue South, Richfield, MN

Building Size: 5,136 SF (not including basement)

Current Occupancy: 61%

Land Size: 27,035 SF or 0.62 acres

Parking: 41 parking stalls

Year Built: 1960

 

FINANCIAL SUMMARY

Price: $1,100,000

Price PSF: $213.22

 

INVESTMENT HIGHLIGHTS

Newly Remodeled Store
Leeann Chin has made a commitment to the location and the neighborhood by investing over $200,000 to remodel the restaurant and recently renewed for an additional five years.

Dense In-fill Location
A one-mile population of 15,889 and three-mile population of 129,902 provides a strong customer base.

Corner Location/Abundant Parking
Located on the hard corner of Nicollet Avenue South and W. 65th Street with 41 parking stalls providing an 8-to-1 parking ratio.

Owner User/Value Add
The vacant 1,977 square foot space and additional basement space offers a value add opportunity or a unique owner user option. An investor can lease the 1,977 square foot vacancy at market terms and increase their yield.

CLICK HERE FOR CONFIDENTIALITY AGREEMENT

Price: $1,100,000.00

Lot Size: 27035 Square Feet

Building Size: 5136 Square Feet

Area Available: 5,136 Square Feet

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