310 Highway St W - Storefront FOR SALE
Dodge Center, MN 55927 |
$534,592 USD
310 Highway St W
Dodge Center, MN 55927
HIGHLIGHTS
- Below Market Rent – Napa pays nearly 40% below market rent providing a great opportunity for long term stability.
- Long Term Lease & Annual Increases – There are over ±9.5 years remaining on the lease with rare 1.50% annual increases.
- Complete Renovation – In 2019, the building was stripped down to the frame and completely refurbished including brand new HVAC, electrical, and plumbi
- Strong Demographics – Dodge Center offers a high average household income of over $104,400 within a 10-mile radius accounting for over 19,037 resident
- Limited Competition – Napa is the only corporately guaranteed auto parts retailer in Dodge Center, allowing the store to control the market.
- Corporate Guarantee – Genuine Parts Company (NYSE: GPC), is global service organization engaged in the distribution of automotive and industrial repla
FOR SALE DETAILS
PRICE
$534,592 USD
PRICE/SF
$158 USD /SF
CAP RATE
6.65%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment Or Owner User
BUILDING DETAILS
PROPERTY NAME
NAPA AUTO PARTS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1988
SPRINKLERS
-
PARKING SPACES
37
LAND DETAILS
LAND ACRES
1.09 AC
LAND SF
47,480 SF
ZONING
C
APN/PARCEL ID
22.126.0020
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
