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Taco John's 122 3rd St W

2,466 SF Retail Building Thief River Falls, MN 56701 £1,147,072 (£465/SF) 6.75% Net Initial Yield

Investment Highlights

  • Nearby Higher Education Institution: Taco John’s is Less than Two Miles from Northland Community & Technical College, which Enrolls 4,135 Students.
  • Conveniently Close to High School: Taco John’s is just Two Blocks South of Lincoln High School, which Serves 567 Students and 84 Employees.
  • Exceptional Visibility and Frontage: Positioned on 3rd Street West, Taco John’s Enjoys Excellent Visibility with a Daily Traffic Count Surpassing 7,70
  • Absolute-Net Lease (Zero Landlord Responsibilities): A New 20-year Absolute-Net Lease will be Signed at the Close of Escrow, Featuring 1.5% Annual Inc
  • Proximity to Cities Major Employer: Less than A Mile Away, Digi-Key Employs Over 5,000 Workers and is Renowned Globally as a Distributor of Electronic
  • Close to Various Accommodations: Within a Two-Mile Radius, Guests can Find Quality Inn, GrandStay Hotel & Suites, AmericInn by Wyndham, and Americas B

Attachments

Taco John's - Thief River Falls, MN (email)

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,466 SF
Building Class
C
Year Built
2007
Price
£1,147,072
Price Per SF
£465
Net Initial Yield
6.75%
NOI
£77,427
Tenancy
Single
Number of Floors
1
Building FAR
0.18
Lot Size
0.32 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Links

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Walk Score ®
Very Walkable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Wells Fargo Home Mortgage
Caribou Coffee
CrossFit

PROPERTY TAXES

Parcel Number R-25.00332270 Improvements Assessment £0
Land Assessment £0 Total Assessment £211,731

PROPERTY TAXES

Parcel Number
R-25.00332270
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£211,731
(949) 419-3267

Contact

  • Listing ID: 32672236

  • Date on Market: 02/08/2024

  • Last Updated:

  • Address: 122 3rd St W, Thief River Falls, MN 56701

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© 2024 CoStar Group

Taco John's | 122 3rd St W
(949) 419-3267 x

Taco John's | 122 3rd St W

Peter Deltondo

(949) 419-3267

(949) 419-3267

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