May 27, 2022 – Jason Woods and Kyle Danielson of Horvath & Tremblay have successfully completed the sale of a Perkins Restaurant in Crystal, Minnesota. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,059,783.
The single-tenant Perkins Restaurant is located at 5420 West Broadway Avenue in Crystal, Minnesota. Perkins has 17 years of term remaining plus one, 5-year renewal option on their triple net lease. The lease calls for attractive 1.5% annual increases throughout the primary term and renewal option. Perkins is situated adjacent to the signalized intersection of W Broadway Avenue (MN Route 8) and 55th Avenue N. The property enjoys outstanding visibility, signage, and frontage along W Broadway Avenue, one of the area’s primary retail and commercial corridors. Perkins is positioned in between a McDonald’s and a Target and is surrounded by other national retailers driving traffic to the area.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.