1423 2nd St N - Convenience Store FOR SALE
Sauk Rapids, MN 56379 |
$2,966,000 USD
517-899-9780
1423 2nd St N
Sauk Rapids, MN 56379
HIGHLIGHTS
- Investment-grade credit tenant (S&P: BBB+) Holiday Stationstore is a subsidiary of Alimentation Couche-Tard
- Adjacent to US Route 10, located directly next to the on-ramp and off-ramp of the major Minnesota highway
- Strong 2.5% annual increases
- Tenant signed a new 10-Year lease in March of 2023 showing a continued long term commitment to this location
- This is the first time the property has been listed for sale by ownership
- Tenant has been operating out of this location since 1998
FOR SALE DETAILS
PRICE
$2,966,000 USD
PRICE/SF
$565 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1998
SPRINKLERS
-
PARKING SPACES
10
LAND DETAILS
LAND ACRES
1.09 AC
LAND SF
47,480 SF
ZONING
-
APN/PARCEL ID
19.00032.00
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517-899-9780
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517-899-9780
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