326 Central EntranceDuluth, MN 55811

For Sale
$1,395,000

High-Yield NNN Lease, 9,600 SF

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional retail property, located at 326 E Central Entrance in Duluth, Minnesota, presents a compelling investment opportunity. The 9,600 square foot building sits on a 0.96-acre lot and boasts a highly desirable Net Net Net (NNN) lease structure, minimizing landlord responsibilities. Built in 1976, the property benefits from a strong location with high traffic volume, experiencing 27,000 cars per day. The asking price is $1,395,000, translating to a price per square foot of $145.31. The property's current cap rate surpasses typical market rates, offering a significant return on investment. The single-tenant occupancy simplifies management, and the drive-through lot enhances accessibility and convenience. Annual property taxes for 2023 were $20,390.00. This prime retail location in St. Louis County, zip code 55811, offers a rare chance to acquire a well-positioned, income-generating asset with a proven track record. The property's size and location make it ideal for a variety of retail uses. This is a turnkey investment ready for immediate income generation. Don't miss this chance to secure a high-performing retail property in a thriving market.

Highlights

  • $1,395,000 asking price for this 9,600 SF retail property.
  • NNN lease, single tenant occupancy.
  • $145.31/SF price per square foot.
  • Built in 1976, situated on a 0.96-acre lot.
  • 7.09% cap rate.
  • High traffic location with 27,000 cars per day and drive-through access.

Property Details for 326 Central Entrance

Property type
Other retail properties, Retail properties
Square Feet
9,600 SF
Year Built
1976
Lot Size (sq. ft)
41,818 SF

Location Insight

City
Duluth
County
St. Louis
State
Minnesota
Latitude
46.7998047
Longitude
-92.124084
326 Central Entrance, Duluth, Minnesota

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326 Central Entrance
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