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Taco John’s

Thief River Falls, Minnesota

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The NNN Pro Group is pleased to present the exclusive listing for the Taco John’s located 122 3rd Street W in Thief River Falls, Minnesota. The site consists of roughly 2,500 rentable square feet of building space on estimated 0.32-acre parcel of land. This Taco John’s will be subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The annual rent will be $115,000 and will be scheduled to increase 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.

About the Investment:

✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease
✓ Site to be Reimaged | Contact Broker for more Information
✓ One and a Half Percent (1.50%) Annual Rental Increases
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years

Key Details

Cap Rate:
Annual Rent:
122 3rd Street W, Thief River Falls, Minnesota 56701
Property Type:
Restaurant - Quick Service
Lease Type:
Triple Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
Close of Escrow
Lease Expiration:
20 Years from Close of Escrow
Lease Term Remaining:
20 Years
Rental Increases:
1.50% Annually
Lot Size:
0.32 Acres
Building Size:
2,500 SF
Taco John’s

Talk to the pros

Glen Kunofsky

License: 49KU1129178

James Westerberg

License: 10401304686

Howard Curd

License: 10401339720

Broker of record

Brian Brockman

Bang Realty, Inc

License: 40628602

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