Single Tenant Net Lease Investment Opportunity

2507 Fremont Avenue North Minneapolis, MN 55411

FOR SALE
Property Type:
Schools/Education
Amount:
$2,898,000
Last Verified:
Jan 20, 2021

Highlights

  • NOI projected at $231,836 in 2021.
  • 3.0% annual rent increases.
  • Lease terms runs to 6/30/2027.
  • Major renovation in 2008. Regular updates throughout lease term.
  • Tenant operates out of 4 Minneapolis-St Paul locations and has been in business since 2003.
  • Priced well below replacement cost.
  • Stable tenant operating at this location since 2008.

Description

2507 Fremont Avenue North is home to the Minnesota Internship Center, a public charter high school for young people who are looking for a more supportive environment (source: MNIC website). MNIC has called the property home for over 13 years. This is an opportunity to accrue the benefits of a long term income stream and strong tenancy in an up and coming submarket with pricing substantially below replacement cost.

Conveniently located near the Broadway/I-94 interchange and Wirth Parkway.

Building Size: 17820sq ft
Lot Size: 0.36 acres

Map of 2507 Fremont Avenue North, Minneapolis, MN, 55411

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