100 W Lake Street Minneapolis, MN 55408
Retail Property in Minneapolis
SOLD: $2,528,000 CAP RATE: 6.4% PRICE PER SQUARE FOOT: $1,042
We are pleased to announce the sale of 100 W Lake St a 2,425 square foot fast food property located in the Calhoun submarket of Minneapolis. The sale was for $2,528,000 which equates to $1,042 per square foot. The property was 100% leased at the time of sale and achieved an estimated 6.4% cap rate as part of a 1031 exchange.
This transaction reflects strong investor demand for stabilized single tenant retail assets with reliable income and favorable exchange positioning. The sale data has been sourced from public record.
David Saghian represented the buyer in this transaction.
Investment Highlights
Brand New 2024 Remodel to Newest KFC Image
2,100,000+ Population Density within 15 miles of Subject Property
2023 KFC Franchisee of the Year - 135+ stores Guarantee the Subject Property Lease
Exclusively Listed & Sold By:
David Saghian
(310) 401-1559
dsaghian@lyonstahl.com