391 NE Cherrywood St | Isanti, MN 55040
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- LoopNet Team
391 NE Cherrywood St
Isanti, MN 55040
Family Dollar | Abs NNN Lease | 10% Increase · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 2015 build-to-suit construction for Family Dollar
- ± 8.50-Years remaining on a rare 15-year abs NNN lease
- Projected population growth of 14.19% over the next 5-years
- Premium all brick construction (no metal sides)
- Rare 10% rent increase in the base term (cap rate will increase to 6.38%)
- Traffic counts in excess of 31,000 VPD at the intersection of I-79 & Heritage Blvd
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,359 SF
Building Class
B
Year Built
2015
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.21 AC
Zoning
Commercial
Parking
24 Spaces
Frontage
64’ on Cherrywood Street Northea
PROPERTY TAXES
| Parcel Number | 16.126.0010 | Improvements Assessment | $544,400 |
| Land Assessment | $209,100 | Total Assessment | $753,500 |
PROPERTY TAXES
Parcel Number
16.126.0010
Land Assessment
$209,100
Improvements Assessment
$544,400
Total Assessment
$753,500
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