Log In/Sign Up
Your email has been sent.
Family Dollar | Dollar Tree - 2023 Renovation 101 E Main St 20,000 SF Retail Building Crosby, MN 56441 $2,200,000 ($110/SF) 8.64% Cap Rate
Investment Highlights
- High Yield 8.20 Cap at List | Make an Offer Immediately
- 2023 Renovations to Large Existing Building (20,000 SF)
- Excellent Access | Commercial Corridor of Crosby – Major Resort Area/Town
- Brand New, Long-Term Net Lease | 10-Year Primary Term
- High Residual: Low Price/SF and Rent/SF
- New Combo Store Concept | Proving to be Better Store Performance
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
20,000 SF
Building Class
C
Year Built
1990
Price
$2,200,000
Price Per SF
$110
Cap Rate
8.64%
NOI
$190,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.46
Lot Size
0.99 AC
Zoning
Commercial
Parking
57 Spaces (2.85 Spaces per 1,000 SF Leased)
Frontage
191’ on East Main Street
Property Taxes
| Parcel Numbers | Improvements Assessment | $957,100 | |
| Land Assessment | $160,900 | Total Assessment | $1,118,000 |
Property Taxes
Parcel Numbers
Land Assessment
$160,900
Improvements Assessment
$957,100
Total Assessment
$1,118,000
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Family Dollar | Dollar Tree - 2023 Renovation | 101 E Main St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.