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29265663

2551 Lyndale Ave S, Minneapolis, MN 55405 For Sale

SM
MN 40996939
TG
Marcus & Millichap - Minneapolis
Listed by Marcus & Millichap - Minneapolis
$1,163,500
187 days on market
Updated 73 days ago

Nightingale Minneapolis

Details
Property Type Retail
Sub Type Restaurant
Square Footage 4,582
Units 1
Cap Rate 7.79%
NOI $90,587
Occupancy 100%
Tenancy Single
Lease Type NN+
Rent Bumps Yes
Price per SqFt $254
Year Built 1907
Investment Type Net Lease

Retail | 7.79% CAP | 4,582 SqFt

Marketing description

Nightingale is an intimate eatery and cocktail lounge in the Whittier neighborhood

since 2012. This elegant establishment offers a menu of snacks, small and large

plates designed for sharing.

This space artfully embraces the social aspect of dining to deliver a full experience

to guests. Featuring plush booths for patrons to enjoy themselves over locally

sourced fare, craft cocktails as well as a thoughtfully curated wine and beer list.

With over a decade of proven income stream anchored by a high-performing, longterm

tenant, the property has demonstrated consistent sales in a prime location.

This property offers investors durable cash flow and asset stability. It's a trophy

piece in one of Minneapolis’s most vibrant dining corridors—ideal for those

seeking a reliable, experience-driven investment.

Nightingale is supported by a 4.6 Google rating across 1,200+ reviews and glowing

customer sentiment about its atmosphere and menu; clearly showcasing brand

loyalty and online visibility that reduce risk for investors.

Tenant, Nightingale just signed a fresh three-year lease extension, reflecting a 12%

increase that started 10/1/25 at $22/sf through 9/30/26, $23/sf through 9/30/27, and

$24/sf through 9/30/28. Located on a highly visible street with 25K VPD on Lyndale.

This property is perfect for:

1) An investor to step in and enjoy immediate cashflow from Day 1; realize a competitive

return with a proven tenant delivering strong sales, and steady, repeat customer base.

2) An owner/user looking to capitalize on a high growth dining corridor, with potential

to tailor the property to future goals. Select restaurant equipment is included, exact

details are in the lease.

Tremendous Value-Add Potential.

Rent-to-sales ratio below industry norms, signaling strong potential for future growth.

Evening-only hours offer opportunity to expand service-breakfast, brunch, lunch-to

boost sales and property value.

*Note* Early Termination clause exists in the lease-contact agent for details.

Investment highlights

  • Since 2012 with proven success, earning large repeat business.

  • Minutes from Downtown Minneapolis, Uptown, and Lake of the Isles—

    drawing steady patronage from both local professionals and visitors.

  • Dense urban demographics- Within a 1-mile radius, over 30,000

    residents with average household incomes exceeding $90,000, fueling

    strong discretionary spending.

  • High bar spend and destination appeal.

  • Nightingale orchestrates an incomparable experience for its guests.

  • Strong sales with steady customer base deliver consistent cashflow and

    ROI.

  • Tenant reports sales. Inquire with broker.

Listing Contacts

SM
MN 40996939
TG
Marcus & Millichap - Minneapolis
Listed by Marcus & Millichap - Minneapolis

Valuation Calculator

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$90,587.00
$7,548.92/mo

Valuation Metrics

0
DSCR
7.79%
Cap Rate
7.79%
ROI

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Additional Information

Name
Jon Ruzicka
License
MN 40583288
Title
Broker of Record
Name
Shilpa Matlock
License
40996939
Brokerage
Marcus and Millichap
Brokerage Phone
6514288291
Title
Commercial Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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