Available For Sale - Retail

4,336 SF | Show Pricing $

AVAILABILITY DETAILS

Size
4,336 SF
Price/SF
Show Pricing $
Listing ID
SA435501
Notes
Cap Rate 7.25%

NOI $168,900

Building Size 4,336 sqft

Lot Area 1.23 acres

Occupancy 100%

Lease Type Triple Net

Year Built 1998

Price Per Sqft $537.28

Tenancy Single

Lease Expire Year 9/30/2034



HIGHLIGHTS

14 years remain on NNN lease, with 1% annual rent increases, and four 5-year renewal options.

The tenant on the lease is MN Store, LLC. They operate four Sinclair branded convenience stores located in Minnesota and Wisconsin. The Owners operate a combined total of 21 stores nationally, and have over 24 years of operation experience.

This location was recently re-branded to Sinclair. There are 1,300 Sinclair-branded gas stations owned by independent operators in 24 US states.

Located on Highway 70, the main traffic corridor, with traffic counts averaging 5,000 vehicles daily in front of the property.

Sinclair is located in the middle of town, on the main traffic Corridor. It is less than a half mile from the Burnett Medical Center.

Grantsburg is located about 78 miles northeast of the Minneapolis– St. Paul Metro Area.

Potential 100% Depreciation in Year 1: Please consult your tax advisor
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Keith Sturm, Upland Real Estate Group, Inc