Listed by Goldmark Commercial Real Estate Inc
$3,195,000
3027 Frontage Road
Details
APN 58.140.0045
Property Type Retail, Hospitality
Sub Type Hotel, Commercial
Square Footage 37,543
Keys 64
Cap Rate 8.92%
NOI $284,840
Occupancy 100%
Tenancy Single
Year Built 1998
Year Renovated 2022
Acreage 1.690
Zoning Regional Commercial
Retail | 8.92% CAP | 37,543 SqFt
Marketing description
This is a unique opportunity to purchase a single-tenant investment property in Moorhead, MN. Located along the heavily trafficked Highway 10, this former hotel property has numerous desirable neighbors including Target, Walmart, McDonald’s, and Starbucks.
The building was built in 1998 and had upgrades as recently as 2022. The tenant, Anchorage Recovery, is a residential treatment program that provides integrated substance use and mental health services for adults whose lease expires in March 2029.
Investment highlights
- 64 bedrooms
- Adequate parking
- Large pylon signage visible from Highway 10
- Swimming pool
- Commercial kitchen with new appliances
- Security cameras throughout
- Medical dispensary
- Privacy fence
- Conference rooms
- Updated flooring in areas
- Multiple laundry rooms
- Updated AC/heating units
Listing Contacts
Listed by Goldmark Commercial Real Estate Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$284,840.09
$23,736.67/mo
Valuation Metrics
0
DSCR
8.92%
Cap Rate
8.92%
ROI
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Property History
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