300 Highway 65 S | Mora, MN 55051
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300 Highway 65 S
Mora, MN 55051
Retail Property For Sale
Investment Highlights
- Highly Passive Shopping Center Net Leases
- High Residual Value with Low Rent PSF
- Strong Retail Corridor
- Best-in-Class Tenant Mix with Investment Grade Retailers
- Excellent Access & Visibility Along Highway 65
- Proximity to Welia Health Hospital
Executive Summary
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee-simple interest in the Family Dollar & O’Reilly Auto Parts center located in Mora, MN (“the Property”). The Property consists of a 19,543 square-foot two (2) tenant retail building, that sits on 1.49 acres of land. The Property is leased to O’Reilly Auto Parts and Family Dollar who are both operating under passive net leases with limited landlord responsibilities.
The Property benefits from excellent access and visibility along State Highway 65, a primary thruway for Mora and its surrounding areas that sees over 13,336 vehicles per day and connects Mora to the Minneapolis-Saint Paul metropolitan area. This strategic property positioning not only helps to drive consumers to the site but also gives the underlying real estate inherent value.
The Property benefits from excellent access and visibility along State Highway 65, a primary thruway for Mora and its surrounding areas that sees over 13,336 vehicles per day and connects Mora to the Minneapolis-Saint Paul metropolitan area. This strategic property positioning not only helps to drive consumers to the site but also gives the underlying real estate inherent value.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,647 SF
Building Class
C
Year Built
1987
Price
£1,324,923
Price Per SF
£124
Net Initial Yield
10%
NOI
£132,483
Percent Leased
74%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.16
Lot Size
1.50 AC
Opportunity Zone
Yes
Parking
66 Spaces (6.2 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 22.01205.10 | Improvements Assessment | £589,639 |
| Land Assessment | £126,488 | Total Assessment | £716,127 |
PROPERTY TAXES
Parcel Number
22.01205.10
Land Assessment
£126,488
Improvements Assessment
£589,639
Total Assessment
£716,127
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