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1602 Highway 71
International Falls, MN 56649
Tractor Supply Co · Retail Property For Sale
Investment Highlights
- ±11.25 years remaining on NN lease with upcoming rent bump in November 2027
- 5% rent increases every 5 years; cap rate grows from 6.15% to ~8.24%
- Busiest land port of entry in Minnesota with ~$12 billion in annual cross-border trade
- Investment-grade tenant: BBB (S&P) and Baa1 (Moody's) credit ratings
- Four, 5-year renewal options representing up to ±31 years total lease commitment
- Fee simple ownership of ±28,733 SF building on ±3.16 acres
Executive Summary
Broker of Record
Kurt Sauer
License # 40628602, 41005445 (MN)
Matthews of Minnesota, LLC
701 Xenia Ave S, Ste 485 Minneapolis MN 55416
(866) 889-0550
Kurt Sauer
License # 40628602, 41005445 (MN)
Matthews of Minnesota, LLC
701 Xenia Ave S, Ste 485 Minneapolis MN 55416
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
28,733 SF
Building Class
B
Year Built
2000
Price
$2,926,829
Price Per SF
$101.86
Cap Rate
6.15%
NOI
$180,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
2.82 AC
Property Taxes
| Parcel Number | 92-004-01032 | Improvements Assessment | $863,500 |
| Land Assessment | $74,400 | Total Assessment | $937,900 |
Property Taxes
Parcel Number
92-004-01032
Land Assessment
$74,400
Improvements Assessment
$863,500
Total Assessment
$937,900
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