12 Minnesota Ave N - Freestanding FOR SALE


Aitkin, MN 56431
$1,100,920 USD
332-345-4222
12 Minnesota Ave N, Aitkin, MN for Sale
$1,100,920 USD
Freestanding - FOR SALE
1/2
null | 10% Cap Rate

12 Minnesota Ave N
Aitkin, MN 56431


HIGHLIGHTS

  • Original 15-Year Absolute Triple Net (NNN) Lease
  • Approximately 6.8 Years Remaining
  • Ten Percent (10%) Rental Increase in July 2025
  • Six (6), Five (5)-Year Tenant Renewal Options

OVERVIEW

NNN Pro Group is pleased to present the exclusive listing for Family Dollar located at 12 Minnesota Avenue N, Aitkin, Minnesota. The site consists of roughly 8,359 rentable square feet of building space on estimated 0.85-acre parcel of land. This Family Dollar is subject to a 15-year absolute triple-net (NNN) lease, which commenced December 18th, 2015. The current annual rent is $110,092.08 and is scheduled to increase by 10% in July 2025, and in each of the 6, 5-year renewal options.

FOR SALE DETAILS

PRICE

$1,100,920 USD

PRICE/SF

$132 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

Commercial

APN/PARCEL ID

56-1-002100

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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