11 Central Ave

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11 Central Ave

Crosby, ND 58730
Asking Price
$3.26M
Cap Rate
7.5%
Asset Type
Bank Retail
Class
Class B

What's Special

Absolute NNN Bank Branch | 17-Yr Term w/ 2.5% Annual Bumps | $60M Deposits | $130K AHHI | 7.50% <ul><li>​<span style="color: rgba(1, 21, 29, 1)">±16 years of primary lease term remaining </span></li><li>​<span style="color: rgba(1, 21, 29, 1)">$60M in 2025 Bank Branch Deposits </span></li><li>​<span style="color: rgba(1, 21, 29, 1)">2.50% Annual Rent Escalations </span></li><li>​<span style="color: rgba(1, 21, 29, 1)">Absolute NNN Lease with zero landlord responsibilities</span></li><li>​<span style="color: rgba(1, 21, 29, 1)">2.2% Unemployment Rate (Divide County)</span></li><li>​<span st

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Run the numbers on this deal. All calculations are estimates — verify with your lender and accountant.

NOI
$80,000
Cap Rate
2.45%
DSCR
0.41
Underwater
Cash-on-Cash
-11.61%
Monthly Payment
$16,128.701
Annual Cash Flow
$-113,544.415

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