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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
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Family Dollar | Dollar Tree - 2023 Renovation | 101 E Main St
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