Log In/Sign Up
Your email has been sent.
Little Newton's 12601 Birch St 9,222 SF Retail Building Becker, MN 55308 $1,400,000 ($151.81/SF) 6.54% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Signed Lease | Options To Extend | Scheduled Rental Increases
- Retail Corridor | Becker School District
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Red Balloon Child Care Center by Little Newton’s investment property located in Becker, Minnesota. The tenant, Red Ballon Child Care Center, will sign an early extension at the close of escrow, bringing the term remaining to over 12 years with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual rental increases throughout the initial term and throughout each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,222 SF
Building Class
C
Year Built
1994
Price
$1,400,000
Price Per SF
$151.81
Cap Rate
6.54%
NOI
$91,504
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.08 AC
Zoning
Residential Multi Family
Parking
19 Spaces (2.06 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 60-406-0510 | Improvements Assessment | $655,000 |
| Land Assessment | $111,300 | Total Assessment | $766,300 |
PROPERTY TAXES
Parcel Number
60-406-0510
Land Assessment
$111,300
Improvements Assessment
$655,000
Total Assessment
$766,300
1 of 10
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Little Newton's | 12601 Birch 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.