391 NE Cherrywood St
Isanti, MN 55040
Family Dollar · Retail Property For Sale

Marcus & Millichap is pleased to present the exclusive listing for a Family Dollar located at 391 Cherrywood Street NE in Isanti, Minnesota. The property consists of 8,359 square feet of building space and sits on 1.21 acres of land. This Family Dollar was a recently constructed built-to-suit that will be completed in June of 2015. The property is subject to a 15-Year triple net (NNN) lease. The base rent is $103,617 with ten percent rental increases every five years starting year 11. The increases will continue through the six, five-year tenant renewal options. The tenant is Family Dollar Incorporated, a North Carolina Corporation and the lease has a Family Dollar Corporate guarantee. The subject property is Family Dollar located at 391 Cherrywood Street NE in Isanti, Minnesota. Isanti is a city in Isanti County and has a total area of 4.85 square miles. Minnesota State Highway 65 and Isanti County Road 5 are two of the main routes in Isanti. The city of Isanti is located just North of the Minneapolis-St. Paul Metropolitan area on East Center Minnesota's Highway 65 Corridor. The site is located about 22.3 miles north of Coon Rapids, MN and about 36.5 miles North of Minneapolis, MN. Anoka-Ramsey Community College is about 23 miles from the site and has approximately 5,900 Students and North Hennepin Community College is about 28 miles from the site and has approximately 4,900 students.