3300 32nd Avenue S

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3300 32nd Avenue S

Grand Forks, ND 58201
Asking Price
$4.09M
Cap Rate
6.7%
Asset Type
Storefront Retail
Class
Class B

What's Special

Main Retail Corridor | Resilient Service-Based Retailers - All 3 Tenants Provide Medical Services <ul><li>​100% Leased - All NNN Leases with Corporate Guarantees</li><li>​Resilient Service-Based Retailers | All 3 Tenants Provide Medical Services</li><li>​Aspen Dental New 10-Yr Extension | Commitment to Location</li><li>​Aspen Dental and Chapter Medical Parent Company, The Aspen Group, is a Leading Healthcare Services Organization with ±1,400 Locations in 46 States Across 5 Brands</li><li>​Densely-Populated Trade Area in Grand Forks - 82,327 Daytime Population within a 5-Mile Radius</li><li>​

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NOI
$80,000
Cap Rate
1.95%
DSCR
0.33
Underwater
Cash-on-Cash
-13.28%
Monthly Payment
$20,254.878
Annual Cash Flow
$-163,058.539

Location & Travel Times