101 E Main St - Freestanding FOR SALE


Crosby, MN 56441
$2,111,111 USD
773-963-2637
101 E Main St, Crosby, MN for Sale
$2,111,111 USD
Freestanding - FOR SALE
1/2
null | 9% Cap Rate

101 E Main St
Crosby, MN 56441


HIGHLIGHTS

  • Dollar Tree operates under a 10-year net lease with approximately 7.5 years remaining and limited landlord responsibilities.
  • The lease includes five 5-year renewal options with rent escalations, providing income growth potential.
  • Situated in a regional vacation destination known for abundant outdoor recreational activities.
  • Positioned near complementary retail businesses including hardware and automotive service providers.

OVERVIEW

This property offers investors an opportunity to acquire a fee-simple interest in a Dollar Tree-occupied retail building in Crosby, Minnesota. Positioned on a 0.99-acre parcel, the property spans 20,000 square feet in a freestanding format. Dollar Tree operates under a long-term net lease structure, currently featuring approximately 7.5 years remaining on the initial term, along with five 5-year extension options. Limited landlord responsibilities and scheduled rent escalations at the start of each option term enhance stability and income growth potential. The property sits on E Main Street (MN-6), a primary commercial corridor in Crosby with daily traffic counts of 8,000 vehicles. This strategic location offers strong visibility and convenient access, bolstered by proximity to essential retailers such as hardware stores and auto service providers. Positioned in a popular vacation destination known for outdoor recreation, the area attracts consistent local and tourist activity, supporting tenant performance. This investment provides a stable cash flow backed by a nationally recognized retailer and a cap rate of 9.00 percent, delivering strong income security and potential long-term value appreciation.

FOR SALE DETAILS

PRICE

$2,111,111 USD

PRICE/SF

$106 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

57

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

-

APN/PARCEL ID

11105008001Z009,111050080050009,111050080060009,111050080070009,111050080200009,111050080210009,111050080220009,111050080230009,111050080260009,111050080270009,111050080280009,111050080290009,111050080300009,111050080310009,111050080320009

ASK ABOUT THIS PROPERTY

Isaiah HarfNorthmarqMore Info
773-963-2637

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Isaiah HarfNorthmarqMore Info
773-963-2637

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.