530 County Road 75, Clearwater, MN 55320, Clearwater, MN 55320
sale
$103,000
|
Other
Courtesy Of Coldwell Banker Commercial Orion Real Estate Advisors
CBC Orion Real Estate Advisors are pleased to offer For Sale this rare net leased land investment opportunity located in Clearwater, MN. The subject property is a single-tenant- 100% net leased by Midcontinent Communications ("Midco"). The investment offers a going in Cap Rate of 5% with over (17) Seventeen years of remaining on its initial term (lease expires in 2042). Additionally, the lease contains attractive 3% annual rental increases, and one (1) - 10-year renewal option.. This property offers qualified investors a stable rental income stream with a high quality credit tenant. Property is conveniently located on County Road 75, just one block off of Highway 24, the main retail and business hub. Excellent location with close proximity to major thoroughfares of Interstate 94, Highway 24, and County Road 75. Location is approximately 50 miles northwest of the Twin Cities. The tenant, Midcontinent Communications ("Midco") has a S&P BB rating and is major regional telecommunications provider in the Midwest. Midco has been operating at this location since 2022 and has made significant financial investment in the infrastructure and technology at this site. Excellent opportunity to acquire this bite sized investment property with long term lease in place. Excellent 1031 exchange opportunity. *** Offered For Sale at $103,000 *** Contact Scott Schmitt, CCIM with CBC Orion Real Estate Advisors for Further Details on this Offering
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Property Features
- Architecture Style: Other
- MLSID: XTSF35
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