520 S Riverfront Dr, Mankato, MN 56001

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased Arby’s investment property located in Mankato, Minnesota. The tenant, Franchise Associates, LLC (dba Arby’s), recently executed an early lease extension, bringing the remaining term to over 10 years with four (4) additional 5-year renewal options, demonstrating their long-term commitment to the site. The lease includes 1% annual rental increases throughout the current term and option periods, driving consistent NOI growth and providing a built-in hedge against inflation. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for an out-of-state or passive investor.

The Arby’s is positioned just off the signalized, hard-corner intersection of S Riverfront Drive (16,600 VPD) and Poplar Street. The property features excellent visibility, multiple points of ingress/egress, and is equipped with a drive-thru, an essential feature for maximizing sales and throughput in QSR operations. The site is situated in a dense retail node surrounded by national brands such as Jersey Mike’s, Dunkin’, and Little Caesars, and is located minutes from River Hills Mall, a Target-anchored regional mall with 4.6 million annual visits, ranking in the top 80th percentile nationally and #2 in Minnesota among comparable centers. The subject property is also proximate to major institutional demand drivers including Minnesota State University, a public university with more than 15,700 enrolled students, and Mayo Clinic Health System Mankato, a 239-bed acute care hospital employing approximately 2,386 staff. These anchors drive daily traffic and support long-term stability for the surrounding retail. The 5-mile trade area is home to over 65,800 residents and 51,400 employees, with an average household income of $93,347, underscoring the site’s strong demographic fundamentals and supporting long-term investment value.