Perkins Restaurant

12545 Ulysses Street NE - Blaine MN 55434

LTV (Loan to Value)	65.00%	Current NOI	$189,500.00
Interest Rate	4.250%	Capital Rate	6.500%
Fixed Term	10 Years	Land Area
Amortization	25 Years	Lease Type	Absolute NNN
Loan Amount	$1,895,000.25	Property Type	Retail
Payment	$10,265.94	Property Lease	Restaurant
Bulding Size	0 SF	Remaining Terms	Approx. 9.5 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors, the opportunity to purchase a 100% fee-simple interest in the Perkins Restaurant property located at 12545 Ulysses Street NE in Blaine, Minnesota (the “Property”). The Property is located on the hard, signalized intersection of 125th Avenue NE (U.S. Route 14) and Ulysses Street NE. It is adjacent to Central Avenue NE (Minnesota State Highway 65), roughly 20 miles north of downtown Minneapolis.

Highlights

Very Strong Unit Level Sales – Sales at Property exceed the national average for Perkins, and have been steadily increasing…

Property Description

Blaine is a city in Anoka County in east central Minnesota, approximately 15 miles north of downtown Minneapolis. It is part of the Minneapolis-St. Paul metropolitan area. As of the 2010 census, the population was 57,186, which represented a 27.2% increase from 2000 and continued explosive growth that’s seen an over 600% in the last 50 years.Blaine’s massive growth can be attributed to the development of Interstate 35W, U.S. Highway 10 and Minnesota State Highway 65, which increased its accessibility to the Twin Cities. Today, it is an attractive location for business and residential development.Minneapolis-St. Paul is a metropolitan area built around the Mississippi, Minnesota and St. Croix rivers. The area is commonly known as the Twin Cities, with its two largest cities, Minneapolis and St. Paul serving as the state capital of Minnesota. It is the 16th largest in the country with a population of nearly 3.35 million. Minneapolis-St. Paul is a thriving center of business, ranked 1st in labor force participation, 2nd in number of Fortune 500 company headquarters per capita, 4th in percentage of population with a bachelor’s degree or higher, 5th in number of global Fortune 500 companies and 10th in number of Forbes’ largest private companies.