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2304 College Way
Fergus Falls, MN 56537

Retail Property For Sale

Retail Space Minnesota Fergus Falls 2304 College Way, Fergus Falls, MN 56537

Investment Highlights

  • Drive-thru on both ends: Caribou Coffee and Jimmy John's
  • Premier Location: 2 Blocks Off I-94 in the Heart of the Retail Corridor
  • Market occupancy of 94.2% (Fergus Falls, Minnesota-Retail)
  • Triple Net Leases
  • Class A Construction Complete with Outdoor Seating Patio

Executive Summary

100% occupied with five tenants. Each end has a drive-thru for the restaurant tenants

PROPERTY FACTS Under Contract

Sale Type
Investment NNN
Property Type
Retail
Building Size
10,536 SF
Building Class
B
Year Built
2017
Price
$4,173,748 CAD
Price Per SF
$396 CAD
Cap Rate
7.53%
NOI
$314,227 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.43 AC

PROPERTY TAXES

Parcel Number 71003991904000 Improvements Assessment $1,864,398 CAD
Land Assessment $423,824 CAD Total Assessment $2,288,222 CAD

PROPERTY TAXES

Parcel Number
71003991904000
Land Assessment
$423,824 CAD
Improvements Assessment
$1,864,398 CAD
Total Assessment
$2,288,222 CAD
 

  • Listing ID: 31693986

  • Date on Market: 2024-05-03

  • Last Updated:

  • Address: 2304 College Way, Fergus Falls, MN 56537

The Retail Property at 2304 College Way, Fergus Falls, MN 56537 is currently available for sale. Contact Marcus & Millichap for more information.

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