5491 Adams St 7,091 SF 100% Leased Retail Building Mounds View, MN 55112 $795,000 ($112.11/SF) 9.44% Cap Rate
INVESTMENT HIGHLIGHTS
- # of Tenants: 4 (parts store, grocer, salon, storage)
- Income: $75,033 NOI (3 of the 4 tenants are on net leases)
- Occupancy: 100% (one of the tenants can relocate for a new business to come in)
EXECUTIVE SUMMARY
• Sale Price: $795,000
• # of Tenants: 4 (parts store, grocer, salon, storage)
• Occupancy: 100% (one of the tenants can relocate for a new business to come in)
• Main Building Size: 5,891 SF
• Garage Building Size: 1,200 SF
• Gross Income: $105,870 (3 of the 4 tenants are on net leases)
• Estimated 2024 Expenses: $30,837
• Renovations 2022: Roof, parking lot, HVAC, plumbing, electrical, flooring, fixtures, etc.
• Zoning: B-2
• # of Tenants: 4 (parts store, grocer, salon, storage)
• Occupancy: 100% (one of the tenants can relocate for a new business to come in)
• Main Building Size: 5,891 SF
• Garage Building Size: 1,200 SF
• Gross Income: $105,870 (3 of the 4 tenants are on net leases)
• Estimated 2024 Expenses: $30,837
• Renovations 2022: Roof, parking lot, HVAC, plumbing, electrical, flooring, fixtures, etc.
• Zoning: B-2
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,091 SF
Building Class
C
Year Built
1948
Price
$795,000
Price Per SF
$112.11
Cap Rate
9.44%
NOI
$75,033
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
0.43 AC
Zoning
B-2 - B2 Limited Business District
Parking
20 Spaces (2.82 Spaces per 1,000 SF Leased)
Frontage
107’ on Adams St
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 08-30-23-12-0052 | Improvements Assessment | $179,100 |
| Land Assessment | $113,200 | Total Assessment | $292,300 |
