
1309 Vermillion St
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1309 Vermillion St
8,000 SF Retail Building Hastings, MN 55033 $1,949,873 CAD ($244 CAD/SF) 8.89% Cap Rate



INVESTMENT HIGHLIGHTS
- Second Generation Restaurant with full kitchen and drive thru
- Building was originally a bank. Extensively renovated into a restaurant in 2020
- High visibility with over ±32,000 vehicles per day
- Leased for 5 years, Landlord/owner has option terminate lease
EXECUTIVE SUMMARY
Broker of Record
Kurt Sauer
License No. 40841922 (MN)
Kurt Sauer
License No. 40841922 (MN)
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
8,000 SF
Building Class
C
Year Built/Renovated
1979/2020
Price
$1,949,873 CAD
Price Per SF
$244 CAD
Cap Rate
8.89%
NOI
$173,344 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.17
Lot Size
1.09 AC
Zoning
C
Parking
75 Spaces (9.38 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS



PROPERTY TAXES
Parcel Number | 19-77300-04-191 | Improvements Assessment | $309,910 CAD |
Land Assessment | $614,711 CAD | Total Assessment | $924,620 CAD |
PROPERTY TAXES
Parcel Number
19-77300-04-191
Land Assessment
$614,711 CAD
Improvements Assessment
$309,910 CAD
Total Assessment
$924,620 CAD
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1309 Vermillion St
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