Shopping Strip - NNN Net Lease Property for Sale
Minneapolis, MN
Key Investment Metrics
Price
$1,643,000
Cap Rate
7.0%
Net Operating Income
$115,000
Building Size
4738 SF
Lot Size
22,520 SF
Land Area
1.03 Acres
Year Built
2002
Occupancy
100%
Tenancy
Single
Rent Increases
8% - Year 6
About This Shopping Strip Net Lease Property
This Shopping Strip NNN (triple net lease) property is located in Minneapolis, MN and represents an excellent investment opportunity for commercial real estate investors. The property features 4738 square feet of building space and was built in 2002.
With a cap rate of 7.0%, this Shopping Strip net lease property offers stable income potential. The asking price is $1,643,000, making it an attractive option for 1031 exchange investors seeking quality Shopping Strip commercial properties.
Why Invest in Shopping Strip NNN Properties?
- Stable Income: Shopping Strip net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Shopping Strip is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Minneapolis, MN Market Overview
Located in Minneapolis, MN, this Shopping Strip property benefits from strong local demographics and market fundamentals. The Minneapolis area offers excellent visibility and accessibility, making it an ideal location for Shopping Strip operations and a solid investment for net lease property buyers.