Property Listing No Longer Available for Sale

704 West 3rd Avenue North, Aurora, MN

Retail for Sale - $643,500 - 8,400 Sq. Ft.


Property Info

CIMLS#456753
Location
  704 West 3rd Avenue North
  Aurora MN 55705
UpdatedJuly 25th, 2012
TypeRetail
Price$643,500
Building8,400 Sq. Ft.

Property Description

The Family Dollar of Aurora offers an investor a credit tenant leased property with little management responsibility.

The property is located on West 3rd Avenue (County Highway 10) a four lane artery on the corner of North Erie Street, just west of the downtown. The 0.67 acre parcel is improved with an 8,400 square foot retail store of steel and block construction completed in 2007. A Blue Cross Blue Shield call center is located just west of the property.

This investment is available for sale individually or as part of a five property portfolio.

Location Description:

Aurora is located in the northeast portion of Minnesota on State Highway 135, approximately 50 miles north of Duluth. The city population is about 1,800 with an average household income of $40,000.

Highlights:

>> Family Dollar-Fortune 500-S&P BBB rating

>> 9.20% Cap Rate

>> December 2017 lease expiration; Five 5-yr renewals

>> Newer construction-low management

* Email for additional photos


Financials