5855 Blaine Ave
Inver Grove Heights, MN 55076

The CBRE Net Lease Property Group is pleased to exclusively offer a 5,166-square-foot freestanding Applebee’s situated on 1.49 acres in Inver Grove Heights (Population: 35,076), which belongs to the broader Minneapolis-St. Paul MSA (MSA Population: 3.59 million). Built in 1997, Applebee’s absolute net lease has ±10.5 years of primary lease term remaining with 10% rent increases every 5 years throughout the initial term. The property is ideally positioned with excellent access and visibility at the signalized corner of Upper 55th Street E and Blaine Avenue E (Combined Traffic Count: 19,000 VPD), just feet away from the on-ramp to Lafayette Freeway (Traffic Count: 62,000 VPD) and less than 1 mile from Interstate 494 (Traffic Count: 118,000 VPD). The property is also immediately adjacent to Town Square Television Station and AmericInn Hotel & Suites (Rooms: 80), and across from Jimmy John’s, Fantastic Sams, El Azteca, Caribou Coffee, SuperAmerica and Outback Steakhouse. The immediate corridor is highlighted by a concentration of hotels, including Holiday Inn Express (Rooms: 90) and Microtel Inn & Suites (Rooms: 63), providing a built-in customer base. Additionally, within 1 mile of the property lies the headquarters of CHS Inc., a Fortune 500 agricultural cooperative; Gertens, one of the largest garden centers in the Midwest; and the South St. Paul Municipal Airport, a city owned public-use airport.