100 Judd St

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 100% occupied, two-tenant, retail strip investment property located in Perham, MN. The offering features a strong food and retail-based tenant lineup of McDonald’s and Verizon, making this a prime and e-commerce-resistant asset. In addition, both tenants have multiple 5-year option periods to extend with scheduled rental increases at the beginning of each option, growing NOI and hedging against inflation. Furthermore, the asset is equipped with an end-cap drive-thru lane, providing ease and convenience for customers.
The subject property is strategically located near the signalized, hard corner intersection of State Highway 78 and U.S. Highway 10, averaging a combined 15,700 vehicles passing by daily. U.S. Highway 10 is a major commuter route that connects the surrounding cities and provides direct access to Minneapolis. The surrounding tenants include True Value, O’Reilly Auto Parts, ACE Hardware, Pizza Ranch, Dairy Queen, Central Market, Nest, and others. The strong national and regional tenant presence drives a steady stream of loyal, local consumers to the trade area, promotes crossover store exposure, and contributes to the local economy. Moreover, the property is near numerous single-family communities and multi-family complexes, providing a direct residential consumer base. The 5-mile trade area is supported by over 5,800 residents and 6,300 daytime employees, with a healthy annual average household income of $90,704.