318 SW Second St - Bank FOR SALE
Willmar, MN 56201 |
$915,000 USD
332-345-4384
318 SW Second St
Willmar, MN 56201
HIGHLIGHTS
- Absolute NNN Bank Opportunity | True passive income with zero landlord responsibilities. Approximately six years remain on the lease
- Long-Term Site Commitment | Lease commenced in 1997, showcasing a long term and strong site commitment
- High Deposits, Low Rent | The property features extremely low rent for a 6,700 SF building—well below replacement cost
OVERVIEW
Surmount is pleased to present the exclusive listing for an U.S. Bank located at 318 2nd St. Southwest, Willmar, MN 56201. The site consists of roughly 6,700 rentable square feet of building space on an estimated 1-acre parcel of land. This U.S. Bank is subject to a 15 Years-year Triple Net (NNN) lease, which commenced 9/15/1997. The current annual rent is $57,000 and has scheduled increases of 10.00% every 5 years.
FOR SALE DETAILS
PRICE
$915,000 USD
PRICE/SF
$137 USD /SF
CAP RATE
6.23%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
U.S. Bank
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1988
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1 AC
LAND SF
43,560 SF
ZONING
-
APN/PARCEL ID
95-003-5290,95-003-5310
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332-345-4384
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332-345-4384
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