100 North Main Street

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100 North Main Street

Pine Island, MN 55963
Asking Price
$1.76M
Cap Rate
7.65%
Asset Type
Convenience Store Retail
Class
Class B

What's Special

Fee‑Simple | 2% Annual Rent Increases | 39‑Unit Guaranty | Tenant‑Funded BP Remodel <ul><li>​±19 Years Remaining on Absolute-NNN Lease ​</li><li>​2% Annual Rent Increases During Initial Lease Term and Options ​</li><li>​Potential for 100% Bonus Depreciation (Fee-Simple Asset)</li><li>​ ​Large Scale ​Established & Successful Operator (39-Unit Guaranty) ​</li><li>​Clean Environmental Reports And Recent Survey On File</li><li>​Site Is Currently Undergoing A Rebranding To BP Entirely At Tenant's Expense</li><li>​Strategic Pine Island Location Near U.S. Highway 52</li></ul><p></p>

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NOI
$80,000
Cap Rate
4.55%
DSCR
0.77
Underwater
Cash-on-Cash
-4.64%
Monthly Payment
$8,707.52
Annual Cash Flow
$-24,490.237

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