Single Tenant Net Lease Investment Opportunity
2507 Fremont Avenue North
Minneapolis, MN 55411
- 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.
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.