116 Monroe Ave - Freestanding FOR SALE


Ortonville, MN 56278
$1,393,160 USD
312-548-6822
116 Monroe Ave, Ortonville, MN for Sale
$1,393,160 USD
Freestanding - FOR SALE
1/4
null | 7.75% Cap Rate

116 Monroe Ave
Ortonville, MN 56278


HIGHLIGHTS

  • Long-Term Lease
  • Passive NN Lease Structure
  • Full 2024 Renovation
  • Scheduled Rent Increases
  • Investment Grade Credit
  • Strategic Retail Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Family Dollar investment property located at 116 Monroe Avenue in Ortonville, Minnesota (the “Property”). Family Dollar has 9+ years remaining on their lease with five (5), 5-year renewal options. The lease features attractive rent increases at the start of each renewal option. Family Dollar is well located in the heart of Ortonville. The Property is positioned along 1st Street NW and occupies half a city block from Monroe Avenue to Jackson Avenue. Family Dollar is surrounded by local businesses and is seconds from Riverside Park and Big Stone Lake. The Property enjoys excellent frontage and visibility and is 1-mile from the intersection of US Routes 12 and 75, the area’s primary commuter corridors. Family Dollar enjoys convenient access to the town’s schools, retailers, and restaurants, all of which drive traffic to the area. Additionally, the Property is close to Ortonville’s residential neighborhoods and Ortonville Area Health Services (Hospital and Clinic).

FOR SALE DETAILS

PRICE

$1,393,160 USD

PRICE/SF

$120 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

29,927 SF

ZONING

-

APN/PARCEL ID

22-0247-000

ASK ABOUT THIS PROPERTY

Jack CollinsHorvath & TremblayMore Info
312-548-6822

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Jack CollinsHorvath & TremblayMore Info
312-548-6822

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