Family Dollar | Dollar Tree - 2023 Renovation | 101 E Main St
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Family Dollar | Dollar Tree - 2023 Renovation 101 E Main St
20,000 SF Retail Building Crosby, MN 56441 £1,858,319 (£93/SF) 8% Net Initial Yield
Investment Highlights
- Brand New, Long-Term Net Lease
- Best-in-Class Tenant with Investment Grade Parent Company
- Strong Access & Visibility
- 2023 Renovations
- New Combo Store Concept
- Commercial Corridor of Crosby
Executive Summary
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Family Dollar | Dollar Tree property located in Crosby, Minnesota (the “Property”). The Property consists of a 20,000-square-foot freestanding retail building on a 0.99-acre parcel of land. Family Dollar is operating under a 10-year, net lease with limited landlord responsibilities. The lease also features 5, 5-year extension options with rent escalations at the beginning of each option term, offering investors a hedge against inflation. See Lease Abstract for full details.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
20,000 SF
Building Class
C
Year Built
1990
Price
£1,858,319
Price Per SF
£93
Net Initial Yield
8%
NOI
£148,666
Tenancy
Single
Number of Floors
1
Building FAR
0.46
Lot Size
0.99 AC
Zoning
Commercial
Parking
57 Spaces (2.85 Spaces per 1,000 SF Leased)
Frontage
191 ft on East Main Street
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | £792,955 | |
Land Assessment | £105,837 | Total Assessment | £898,792 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£105,837
Improvements Assessment
£792,955
Total Assessment
£898,792
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Family Dollar | Dollar Tree - 2023 Renovation | 101 E Main St
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