U.S. Bank 318 SW Second St 6,700 SF Retail Building Willmar, MN 56201 $915,000 ($136.57/SF) 6.23% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Bank Opportunity | True passive income with zero landlord responsibilities. Approximately six years remain on the lease
- High Deposits, Low Rent | The property features extremely low rent for a 6,700 SF building—well below replacement cost
- Long-Term Site Commitment | Lease commenced in 1997, showcasing a long term and strong site commitment
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for an U.S. Bank located at 318 2nd St. Southwest, Willmar, MN 56201. The site consists of roughly 6,700 rentable square feet of building space on an estimated 1-acre parcel of land. This U.S. Bank is subject to a 15 Years-year Triple Net (NNN) lease, which commenced 9/15/1997. The current annual rent is $57,000 and has scheduled increases of 10.00% every 5 years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
6,700 SF
Building Class
C
Year Built
1988
Price
$915,000
Price Per SF
$136.57
Cap Rate
6.23%
NOI
$57,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.00 AC
Opportunity Zone
Yes
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $350,100 | |
| Land Assessment | $156,000 | Total Assessment | $506,100 |
CONTACTS
-
Hannan Ben Yosef -
Judson Kauffman -
Matthew Sorace -
Surmount
