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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
Storefront
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

PROPERTY TAXES

Parcel Numbers
Multiple
  • 111050080230009
  • 111050080310009
  • 111050080320009
  • 111050080060009
  • 111050080200009
  • 111050080270009
  • 11105008001Z009
  • 111050080070009
  • 111050080260009
  • 111050080220009
  • 111050080280009
  • 111050080290009
  • 111050080300009
  • 111050080050009
Land Assessment
£105,837
Improvements Assessment
£792,955
Total Assessment
£898,792
  • Listing ID: 28564578

  • Date on Market: 24/05/2023

  • Last Updated:

  • Address: 101 E Main St, Crosby, MN 56441

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