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Family Dollar | Dollar Tree - 2023 Renovation 101 E Main St

20,000 SF Retail Building Crosby, MN 56441 $3,366,491 CAD ($168 CAD/SF) 8% Cap Rate

Storefront Properties Minnesota Crosby 101 E Main St, Crosby, MN 56441

Investment Highlights

  • Brand New, Long-Term Net Lease
  • Best-in-Class Tenant with Investment Grade Parent Company
  • Strong Access & Visibility
  • 2023 Renovations
  • New Combo Store Concept
  • Commercial Corridor of Crosby

Executive Summary

Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee simple interest in the Family Dollar | Dollar Tree property located in Crosby, Minnesota (the “Property”). The Property consists of a 20,000-square-foot freestanding retail building on a 0.99-acre parcel of land. Family Dollar is operating under a 10-year, net lease with limited landlord responsibilities. The lease also features 5, 5-year extension options with rent escalations at the beginning of each option term, offering investors a hedge against inflation. See Lease Abstract for full details.

Attachments

More Information & OM

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
20,000 SF
Building Class
C
Year Built
1990
Price
$3,366,491 CAD
Price Per SF
$168 CAD
Cap Rate
8%
NOI
$269,319 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.46
Lot Size
0.99 AC
Zoning
Commercial
Parking
57 Spaces (2.85 Spaces per 1,000 SF Leased)
Frontage
191 ft on East Main Street

Links

1 of 1

PROPERTY TAXES

Parcel Numbers
Multiple
  • 111050080230009
  • 111050080310009
  • 111050080320009
  • 111050080060009
  • 111050080200009
  • 11105008001Z009
  • 111050080070009
  • 111050080260009
  • 111050080270009
  • 111050080220009
  • 111050080280009
  • 111050080290009
  • 111050080300009
  • 111050080050009
 Improvements Assessment $1,432,637 CAD
Land Assessment $191,217 CAD Total Assessment $1,623,854 CAD

PROPERTY TAXES

Parcel Numbers
Multiple
  • 111050080230009
  • 111050080310009
  • 111050080320009
  • 111050080060009
  • 111050080200009
  • 11105008001Z009
  • 111050080070009
  • 111050080260009
  • 111050080270009
  • 111050080220009
  • 111050080280009
  • 111050080290009
  • 111050080300009
  • 111050080050009
Land Assessment
$191,217 CAD
Improvements Assessment
$1,432,637 CAD
Total Assessment
$1,623,854 CAD
(773) 963-2637

Contact

  • Listing ID: 28564578

  • Date on Market: 2023-05-24

  • Last Updated:

  • Address: 101 E Main St, Crosby, MN 56441

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Family Dollar | Dollar Tree - 2023 Renovation | 101 E Main St
(773) 963-2637 x

Family Dollar | Dollar Tree - 2023 Renovation | 101 E Main St

Isaiah Harf

(773) 963-2637

(773) 963-2637

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