507 N Sibley Ave | Litchfield, MN 55355
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- LoopNet Team
507 N Sibley Ave
Litchfield, MN 55355
Family Dollar · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 26 Year Operating History ¦ Long-Term Historical Occupancy
- Original 10-Year Lease ¦ Multiple Extensions Showing Commitment to the Site
- One, Five-Year Renewal Options | Rent Increases in Option Period Providing for Hedge Against Inflation
- Bite-Size Investment ¦ Priced Well Below Replacement Cost
- Modified Triple Net Lease | Tenant Directly Responsible for CAM & Taxes | Minimal Landlord Responsibilities
- Located Only 41 Miles from St. Cloud and 70 Miles Away from Minneapolis
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
C
Year Built
1979
Percent Leased
84%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
0.50 AC
Zoning
HC
Parking
30 Spaces (4.29 Spaces per 1,000 SF Leased)
Frontage
103’ on Sibley Ave
AMENITIES
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 27-0532000 | Improvements Assessment | $116,700 |
| Land Assessment | $130,400 | Total Assessment | $247,100 |
PROPERTY TAXES
Parcel Number
27-0532000
Land Assessment
$130,400
Improvements Assessment
$116,700
Total Assessment
$247,100
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