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530 County Road 75 NW rd - MIDCO LAND LEASE INVESTEMENT 0.19 Acres of Commercial Land Offered at $103,000 in Clearwater, MN 55320
Investment Highlights
- Long Term 20 Year Net Lease (approx. 17 years remaining)
- Midco has Been Operating at this Location Since 2022 and Has Made Substantial Technological Investment at this Site
- Tenant, Midcontinent Communication ("Midco") is a Major Regional Telecommunications Provider in the Midwest
Executive Summary
CBC Orion Real Estate Advisors are pleased to offer For Sale this rare net leased land investment opportunity located in Clearwater, MN. The subject property is a single-tenant– 100% net leased by Midcontinent Communications (“Midco”). The investment offers a going in Cap Rate of 5% with over (17) Seventeen years of remaining on its initial term (lease expires in 2042). Additionally, the lease contains attractive 3% annual rental increases, and one (1) – 10-year renewal option.. This property offers qualified investors a stable rental income stream with a high quality credit tenant.
Property is conveniently located on County Road 75, just one block off of Highway 24, the main retail and business hub. Excellent location with close proximity to major thoroughfares of Interstate 94, Highway 24, and County Road 75. Location is approximately 50 miles northwest of the Twin Cities.
The tenant, Midcontinent Communications (“Midco”) has a S&P BB rating and is major regional telecommunications provider in the Midwest. Midco has been operating at this location since 2022 and has made significant financial investment in the infrastructure and technology at this site.
Excellent opportunity to acquire this bite sized investment property with long term lease in place. Excellent 1031 exchange opportunity.
*** Offered For Sale at $103,000 ***
Contact Scott Schmitt, CCIM with CBC Orion Real Estate Advisors for Further Details on this Offering (320) 267-4576
Property is conveniently located on County Road 75, just one block off of Highway 24, the main retail and business hub. Excellent location with close proximity to major thoroughfares of Interstate 94, Highway 24, and County Road 75. Location is approximately 50 miles northwest of the Twin Cities.
The tenant, Midcontinent Communications (“Midco”) has a S&P BB rating and is major regional telecommunications provider in the Midwest. Midco has been operating at this location since 2022 and has made significant financial investment in the infrastructure and technology at this site.
Excellent opportunity to acquire this bite sized investment property with long term lease in place. Excellent 1031 exchange opportunity.
*** Offered For Sale at $103,000 ***
Contact Scott Schmitt, CCIM with CBC Orion Real Estate Advisors for Further Details on this Offering (320) 267-4576
Property Facts
| Price | $103,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.19 AC |
| Price | $103,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.19 AC |
1 Lot Available
Lot
| Price | $103,000 | Lot Size | 0.19 AC |
| Price Per AC | $533,366.47 |
| Price | $103,000 |
| Price Per AC | $533,366.47 |
| Lot Size | 0.19 AC |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 104-010-034070 | Improvements Assessment | $28,200 |
| Land Assessment | $12,000 | Total Assessment | $40,200 |
Property Taxes
Parcel Number
104-010-034070
Land Assessment
$12,000
Improvements Assessment
$28,200
Total Assessment
$40,200
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530 County Road 75 NW rd - MIDCO LAND LEASE INVESTEMENT
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