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100 Judd St
Perham, MN 56573
Retail For Sale · Retail Property For Sale · 3,964 SF

PROPERTY FACTS

Price Not Individually For Sale
Building Size 3,964 SF
Property Type Retail
Property Subtype Fast Food
Building Class C
Lot Size 0.92 AC
Parking Ratio 9.08/1,000 SF

EXECUTIVE SUMMARY

This multi-tenant property is in Perham, Minnesota, featuring McDonald' s, with a corporate lease and S&P Rating of A, and Verizon Wireless. This is an excellent opportunity to purchase an investment property for $1,306,050 at a 6.00% cap rate. The subject property is in a great location with easy access to Highway 10, at the corner of Judd Street and Country Road 8, where traffic counts average over 8,300 vehicles per day. Several major retailers are nearby, including Shopko Hometown, TrueValue, Dean' s Country Market, Family Dollar, Dairy Queen, Super 8, and many more.

This McDonald' s and Verizon property is in a terrific spot near several other retailers, just off of the main highway. The property is about 2 miles from Perham Health Hospital & Clinic, 3 miles south of the popular Perham Lakeside Golf Club, and 40 miles east of Interstate-94, a major freeway which spans across the Upper Midwest. Perham, Minnesota, is a small city, located approximately 60 miles east of Fargo, ND, and 160 miles west of Minneapolis, MN.
Perham is conveniently located on Highway #10 in Otter Tail County, home to over 1,000 lakes. For the sports or fitness-minded, the Perham Area Community Center offers a pool with a water slide, a walking track, weight room, gymnasiums and much more. Perham Lakeside Golf Club offers 27 holes of golfing on one of the area's finest golf courses. The club boasts a new clubhouse/banquet hall/restaurant facility that is open to the public. Perham has over 300 acres available that qualify for the state's Job Opportunity Building Zone (JOBZ), which offer tax benefits to a qualifying business. This is primarily for industrial, manufacturing and production type companies. Some of the largest employers in the area include Barrel O' Fun Snack Foods, Tuffy's Pet Foods, Kenny' s Candy, Perham Egg, Industrial Finishing Services (IFS), Arvig (communication services), and Perham Health. In early 2012, Perham Health opened its new $38 million facility, which covers 120,000 square feet, less than 2 miles from the subject property
  • Listing ID: 8997530

  • Address: 100 Judd St, Perham, MN 56573

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