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29394110

900 Main Ave, Moorhead, MN 56560 For Sale

JH
CA CA 01392646, TN 377081
Marcus & Millichap - Nashville
Listed by Marcus & Millichap - Nashville
$3,809,730
176 days on market
Updated 35 days ago
Opportunity zone

Walgreens | Absolute NNN

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,490
Net Rentable (SqFt) 14,490
Units 1
Cap Rate 9.25%
NOI $352,400
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Expiration 07/30/2031
Remaining Term 5
Rent Bumps No
Lease Options 10, 5-Year
Price per SqFt $263
Broker Co-Op Yes
Year Built 2006
Acreage 1.790
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Ownership Fee Simple

Infill Location | Strong Sales

Investment highlights

  • Absolute NNN Lease, No Landlord management or maintenance obligations whatsoever

  • Over 18-Years of operational history at this location

  • Centrally located in Downtown Moorhead along Main Avenue

  • Largest MSA in North Dakota with an estimated population of 262,620

  • Situated along Main Avenue in the heart of Downtown Moorhead

  • The subject consists of three parcels in an infill location

  • The building is equipped with a critical drive-through pick-up window

  • Nationally-recognized tenants in the immediate trade area include Ace Hardware, Scheels, KFC, Taco Bell, Tractor Supply, Walmart Supercenter, Menard’s and many more

  • Close proximity to Minnesota State University Moorhead (6,700 students), Condordia College (2,300 students), North Dakota State University (14,500 students)

Listing Contacts

JH
CA CA 01392646, TN 377081
Marcus & Millichap - Nashville
Listed by Marcus & Millichap - Nashville

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$352,400.00
$29,366.67/mo

Valuation Metrics

0
DSCR
9.25%
Cap Rate
9.25%
ROI

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Property History

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Additional Information

Name
Jon Ruzicka
License
MN 40583288
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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