K
Kurt SauerLicense # License No. 40841921 (MN)
1309 Vermillion St, Hastings, MN, 55033
1309 Vermillion Hastings$1,350,000
Photos
Highlights
INVESTMENT HIGHLIGHTS
- Second Generation Restaurant with full kitchen and drive thru
- High visibility with over ±32,000 vehicles per day
- Building was originally a bank. Extensively renovated into a restaurant in 2020
- Leased for 5 years, Landlord/owner has option terminate lease
Location
Agents
Broker of Record
Kurt Sauer
License # 40841922 (MN)Matthews Real Estate Investment Services, Inc701 Xenia Ave S, Ste 485 Minneapolis MN 55416
Key Information
Cap Rate
8.89%
Tot. SF
4,522
Year Built
1979/2020(R)
Term Remaining
±5
Type
Retail
Occupancy
100%
NOI
$120,000