233 Frazee St E, Detroit Lakes, MN 56501
RETAIL For SaleYear Built: 1990
Floors: 1
| Space | Size | Type | Pricing |
|---|---|---|---|
| Taco John's Portfolio | MN & ND Locations | SALE | $6,440,000.00 |
Brian Brisky - Brisky Net Lease
PHONE: 7155294441
PHONE: 6124134200
Brian Brockman - Bang Realty
PHONE: 5138981551
This is apart of a portfolio package including the following properties. 233 Frazee St E, Detroit Lakes, MN - 3,165 SF 1702 Broadway St, Alexandria, MN - 2,792 SF 1212 N Union Ave, Fergus Falls, MN - 2,939 SF 801 Dakota Ave, Wahpeton, ND - 2,190 SF In-State Broker: Brian Brockman | Bang Realty-Dakotas Inc | ND #10200 Portfolio Highlights • Absolute NNN, Cross‑Collateralized Leases (no landlord responsibilities) - 17+ years of remaining primary term with two 10‑year renewal options, delivering durable, hands‑off income. Annual 2% rent escalations throughout the remaining term provide built‑in growth and inflation protection. • Strong Unit Economics with Downside Protection - Stores demonstrate compelling rent‑to‑sales performance versus broader QSR benchmarks and have delivered strong annual growth over the past decade. Low nominal rents enhance backfill optionality and value preservation in a downside scenario. • Strong Real Estate: Signalized Corners with Drive‑Thru - Each site occupies a high‑visibility corner with a drive‑thru, maximizing access, throughput, and brand presence. Locations rank in the top national visitation percentiles within the Taco John’s system, including the highest‑visited store in Minnesota per Placer.ai. • Established, Expanding Regional Brand Presence - Taco John’s has operated at these sites for an average of 25 years, evidencing long‑term performance and stability. Corporate recently relocated its headquarters to St. Louis Park, strengthening Minnesota ties; the state now hosts the brand’s highest concentration with restaurants across 49 cities. • Experienced, Aligned Operator with Recent Capex - Operated by a multi‑generation franchisee with a 35+ year Taco John’s track record and representation on the franchise board. All locations have been recently renovated with franchisee capital, underscoring commitment and ongoing operational excellence.