3990 Main St NW | Coon Rapids, MN 55448
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- LoopNet Team
3990 Main St NW
Coon Rapids, MN 55448
US Bank · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporately Guaranteed U.S. Bancorp (NYSE: “USB”) Lease thru 9/30/2023
- US Bank Pays Annual Rent of $168,000 thru 9/30/2023
- Incoming Investors can Capitalize on the Income Stream while Planning to either Release or Redevelop the Building
- Absolute Net Lease with Zero Landlord Responsibilities through the Remainder of the Lease
- Short-Term, Stable Income Stream Combined with an Excellent Value-Add Opportunity
- Dense Retail Corridor | Home to Costco, Target, Home Depot, Lowe’s, Dick’s Sporting Goods, Best Buy & Several Others
PROPERTY FACTS
Property Type
Retail
Property Subtype
Bank
Building Size
4,069 SF
Building Class
C
Year Built
1996
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.84 AC
Zoning
C - Commercial
Parking
30 Spaces (7.37 Spaces per 1,000 SF Leased)
Frontage
387’ on Main St NW
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 08-31-24-22-0159 | Improvements Assessment | $956,400 |
| Land Assessment | $590,900 | Total Assessment | $1,547,300 |
PROPERTY TAXES
Parcel Number
08-31-24-22-0159
Land Assessment
$590,900
Improvements Assessment
$956,400
Total Assessment
$1,547,300
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