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8156 NE Highway 65 2,048 SF Retail Building Minneapolis, MN 55432 $990,000 ($483.40/SF) 6.18% Cap Rate
INVESTMENT HIGHLIGHTS
- Plentiful Traffic Drivers, Retail and Non-Retail
- Extremely high traffic counts per day with very favorable traffic patterns
- Strategically located in an outstanding population growth area
- Sales are up at this location
EXECUTIVE SUMMARY
Long-term NNN lease with No landlord responsibilities.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,048 SF
Building Class
C
Year Built
1976
Price
$990,000
Price Per SF
$483.40
Cap Rate
6.18%
NOI
$61,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.71 AC
Parking
15 Spaces (7.32 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
- Air Conditioning
- Smoke Detector
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01-30-24-24-0013 | Improvements Assessment | $240,400 |
| Land Assessment | $230,900 | Total Assessment | $471,300 |
PROPERTY TAXES
Parcel Number
01-30-24-24-0013
Land Assessment
$230,900
Improvements Assessment
$240,400
Total Assessment
$471,300
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8156 NE Highway 65
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