This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1300 Charles St
Park Rapids, MN 56470
Dollar Tree - Park Rapids, MN · Retail Property For Sale
PROPERTY FACTS
ABOUT 1300 CHARLES ST , PARK RAPIDS, MN 56470
Marcus & Millichap is pleased to present this 8,000-square foot Dollar Tree in Park Rapids, Minnesota, located 200 miles northwest of Minneapolis and 85 miles west of Fargo, North Dakota. There are over eight years remaining on this double-net (NN) lease with minimal landlord responsibilities. Rent increases five percent every five years over the base term and in the two, five-year options. The lease is guaranteed by Dollar Tree Stores, Incorporated, which had $8.6 billion in sales during 2015. Dollar Tree has an early termination tied to sales performance in year five of the lease. This asset is strategically located just off Route 34, which is the main east west corridor through Park Rapids. A 24-Hour Walmart Super Center is located directly adjacent to the subject property. This Walmart is a major regional tenant with an auto center concept, a pharmacy, a grocery store, and a full optical center. Other national retailers in the vicinity include: Pizza Hut, Burger King, McDonald' s, Walgreen's, Dairy Queen, and Family Dollar.
PROPERTY TAXES
| Parcel Number | 32.19.00210 | Improvements Assessment | $392,600 |
| Land Assessment | $85,300 | Total Assessment | $477,900 |
PROPERTY TAXES
