1309 Vermillion Hastings

1309 Vermillion St, Hastings, MN 55033
$1,350,000

Cap Rate
8.89%
Gross SQFT
4,522
Year Built
1979/2020(R)
Occupancy
100%
Term Remaining
±5
NOI
$120,000
Property Type
Retail

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

Broker of Record

  • Kurt Sauer
  • License No. 40841922 (MN)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 701 Xenia Ave S,
    Ste 485 Minneapolis MN 55416