101 E Main St - Storefront FOR SALE


Crosby, MN 56441
$2,200,000 USD
773-963-2637
101 E Main St, Crosby, MN for Sale
$2,200,000 USD
Storefront - FOR SALE
1/1
null | 8.64% Cap Rate

101 E Main St
Crosby, MN 56441


HIGHLIGHTS

  • High Yield 8.20 Cap at List | Make an Offer Immediately
  • Brand New, Long-Term Net Lease | 10-Year Primary Term
  • 2023 Renovations to Large Existing Building (20,000 SF)
  • High Residual: Low Price/SF and Rent/SF
  • Excellent Access | Commercial Corridor of Crosby – Major Resort Area/Town
  • New Combo Store Concept | Proving to be Better Store Performance

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Family Dollar | Dollar Tree property located in Crosby, Minnesota (the “Property”). The Property consists of a 20,000-square-foot freestanding retail building on a 0.99-acre parcel of land. Family Dollar is operating under a 10-year, net lease with limited landlord responsibilities. The lease also features 5, 5-year extension options with rent escalations at the beginning of each option term, offering investors a hedge against inflation. See Lease Abstract for full details.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$110 USD /SF

CAP RATE

8.64%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar | Dollar Tree - 2023 Renovation

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

57

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

Commercial

APN/PARCEL ID

11105008001Z009,111050080050009,111050080060009,111050080070009,111050080200009,111050080210009,111050080220009,111050080230009,111050080260009,111050080270009,111050080280009,111050080290009,111050080300009,111050080310009,111050080320009

ASK ABOUT THIS PROPERTY

Isaiah HarfNorthmarqMore Info
773-963-2637

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Isaiah HarfNorthmarqMore Info
773-963-2637

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.