1051 S. Broadway, Pelican Rapids, MN
Retail for Sale - $589,800 - 8,000 Sq. Ft.
Property Info
| CIMLS# | 510566 |
| Location 1051 S. Broadway Pelican Rapids MN 56572 | |
| Updated | August 2nd, 2013 |
| Type | Retail |
| Price | $589,800 |
| Building | 8,000 Sq. Ft. |
Property Description
The Family Dollar of Pelican Rapids offers an investor a credit tenant leased property with little management responsibility.
The property is located on South Broadway (US Route 59) a four lane artery on the corner of SW 10th Avenue, just south of downtown. The 0.72 acre parcel is improved with an 8,000 square foot retail store of steel and block construction in 2005.
This investment is available for sale individually or as part of a five property portfolio
Location Description:
Pelican Rapids is located in the western portion of Minnesota at the intersection of US Route 59 and State Highway 108, 50 miles southeast of Fargo, ND and 200 miles north of Minneapolis. The city population is about 2,300 with an average household income of $37,600.
Highlights:
>> Family Dollar-Fortune 500-S&P BBB rating
>> 9.75% Cap Rate
>> 12/2015 lease expiration; Five 5-yr renewals
>> Sold individually or as part of a 5 bldg portfolio
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