Shell for Sale in Fairmont, MN
Fairmont, MN
Key Investment Metrics
Price
$971,429
Cap Rate
7.3%
Net Operating Income
$71,400
Building Size
1992 SF
Land Area
0.33 Acres
Remaining Term
19.1 years
Lease Expiration
08/31/2045
Lease Term
20 years
Lease Commencement
08/26/2025
Lease Type
Absolute NNN
Year Built
N/A
Occupancy
100%
Tenancy
Single
Rent Increases
2% Annually
Property overview
Shell in Fairmont
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 1,992 SF
- Land area
- 0.33 acres
- Lease type
- Absolute NNN
- Lease expiration
- 08/31/2045
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.