1438 NE 215th Ave 6,011 SF Retail Building Cedar, MN 55011 $1,684,857 CAD ($280.30 CAD/SF) 7.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN retail investment
- No Landlord responsibilities
- 10 year left on lease
- Single Tenant
- Roof replaced in 2024
EXECUTIVE SUMMARY
Absolute NNN single tenant investment. Tenant is a 6-unit operator. Roof replaced in 2024. Owner/agent.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,011 SF
Building Class
C
Year Built
1996
Price
$1,684,857 CAD
Price Per SF
$280.30 CAD
Cap Rate
7.75%
NOI
$130,577 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.55 AC
Zoning
C - Commercial
Parking
15 Spaces (2.5 Spaces per 1,000 SF Leased)
Frontage
271’ on NE 215th Ave
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Compass Child Care
- -
- 6,011 SF
- -
- Net
- Dec 2034
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Compass Child Care | - | 6,011 SF | - | Net | Dec 2034 |
PROPERTY TAXES
| Parcel Number | 08-33-23-43-0004 | Improvements Assessment | $843,275 CAD |
| Land Assessment | $90,992 CAD | Total Assessment | $934,267 CAD |
