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1423 2nd St N
Sauk Rapids, MN 56379
Asking Price
$2.97M
Cap Rate
5.75%
Asset Type
Convenience Store Retail
Class
Class B
What's Special
1423 2nd St N, Sauk Rapids, MN 56379 <ul><li>Fee Simple Absolute net lease (NNN) Investment featuring zero landlord responsibilities, providing true passive income</li><li>Investment-grade credit tenant (S&P: BBB+) Holiday Stationstore is a subsidiary of Alimentation Couche-Tard</li><li>Adjacent to US Route 10, located directly next to the on-ramp and off-ramp of the major Minnesota highway</li><li>Strong 2.5% annual increases</li><li>Tenant signed a new 10-Year lease in March of 2023 showing a continued long term commitment t
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NOI
$80,000
Cap Rate
2.70%
DSCR
0.45
Underwater
Cash-on-Cash
-10.80%
Monthly Payment
$14,674.15
Annual Cash Flow
$-96,089.796