1301 Miller Trunk HwyDuluth, MN 55811
High-yield office building, 100% occupied.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 92
Highlights
- Fully leased Class B office building, 11,591 square feet, located at 1301 Miller Trunk Hwy, Duluth, MN.
- Two credit-rated tenants (Essentia Orthopedics and Northway Avademy) under a triple-net (NNN) lease with annual 3% rent increases.
- 7.56% cap rate, $242,000 NOI, asking price $3,200,000 ($276.08/SF).
- 16,100 SF lot, MU-C zoning, renovated in 2023.
- Five-year remaining lease term (expires November 29, 2029), with a 1-5 year option.
Property Details for 1301 Miller Trunk Hwy
- Property type
- Other office properties, Office properties
- Square Feet
- 11,591 SF
- Class
- B
- Year Built/Renovated
- 1933/2023
- Buildings
- 1
- Stories
- 1
- Units
- 2
Location Insight
- City
- Duluth
- County
- St. Louis
- State
- Minnesota
- Latitude
- 46.80535203
- Longitude
- -92.15528402
Nearby Similar for Sale
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