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117 East Washington Street
Mankato, MN 56001
Asking Price
$299K
Asset Type
Retail
Class
Class B
What's Special
117 East Washington Street, Mankato, MN 56001 <ul><li>Updated Old Town flex/retail building with modern showroom, shop area, and lower-level storage</li><li>Two overhead doors and paved rear drive for loading, small-fleet parking, and easy deliveries</li><li>Recent upgrades to roof, HVAC, electrical, plumbing, insulation, and interior finishes reduce near-term capex</li><li>Existing front tenant on gross lease; seller open to short-term leaseback on rear space for bridge income</li><li>Strong owner-user opportunity for trades, motorspo
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NOI
$80,000
Cap Rate
26.76%
DSCR
4.51
Strong
Cash-on-Cash
69.40%
Monthly Payment
$1,479.289
Annual Cash Flow
$62,248.534
