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1102 1st St NE, New Prague, MN, 56071

Former Pizza Ranch
Closed

Key Information

Tot. SF
4,159
Year Built
1996
Type
Retail

Highlights

INVESTMENT HIGHLIGHTS

  • Turnkey Restaurant Opportunity – Renovated in 2011, this property provides a lucrative opportunity for both existing restaurants looking to expand and entrepreneurs seeking to establish a new concept eatery. This property is equipped with both a drive-thru and traditional sit-down dining experience. Additionally, it features ample parking space with over 75 spots and a sizeable lot that opens up opportunities for redevelopment.
  • “Main and Main” – 10th Ave SE and Maine St E is the strong retail intersection in New Prague, MN that features Walgreens, Hy-Vee, Holiday, O’Reilly, Quality Inn & Suites and multiple strip centers.
  • Quaint Affluent Suburb – New Prague is only ±15 miles from the Twin Cities. There are ±13,000+ residents within 5 miles with an average household income of ±$143,552
  • Value-Add Component – Priced below expected replacement cost, the deal offers investors the opportunity to acquire at a low basis. The property is approximately ±0.97 acres and has excellent visibility from Main St E. Additionally, the parcel is zoned for retail, service, office, and entertainment facilities.

Photos

Location

Agents

Broker of Record

Kurt Sauer

License # 41005445 (MN)
Matthews
701 Xenia Ave S, Ste 485 Minneapolis MN 55416