Debora Building | 1017-1019 W Central Entrance
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Debora Building 1017-1019 W Central Entrance
5,849 SF 100% Leased Retail Building Duluth, MN 55811 $2,650,000 ($453/SF) 4.33% Cap Rate
Investment Highlights
- Incredible Location in Duluth’s busiest commercial corridor.
- Absolute NNN model
- Outstanding Visibility
- x4 NNN Tenants
- Long-term National Anchor Tenant (Cold Stone Creamery)
- 21,548 Cars per Day (2023)
Executive Summary
This premier commercial property is a rare opportunity to own a fully leased asset in the heart of
Duluth's busiest retail and business corridor. Built in 1994 and numerous renovations, the two-story,
5,849 sq. ft. building (possibility to make it 6,000 sq ft) sits on a 11,160 sq. ft. lot and features 14
dedicated parking spaces with REA agreements in place for shared access to surrounding parking
lots. Anchored by a long-term national tenant – Cold Stone Creamery, the property boasts a
diverse and stable tenant mix that includes Lake Superior Dispensary, Edward Jones, and Med
Spa, all operating under NNN leases for a truly hands-off investment experience.
Situated on W Central Entrance, the property enjoys outstanding visibility with 21,548 cars per day
(2023). This high-traffic corridor places the property in a prime position to attract and retain top-tier
tenants. With a stabilized income stream, modernized facilities, and proximity to key commercial
activity, this property offers investors both stability and growth potential.
Don't miss this opportunity to own a landmark asset in one of Duluth's most dynamic commercial
hubs. Contact us today for more information or to schedule a private tour.
Duluth's busiest retail and business corridor. Built in 1994 and numerous renovations, the two-story,
5,849 sq. ft. building (possibility to make it 6,000 sq ft) sits on a 11,160 sq. ft. lot and features 14
dedicated parking spaces with REA agreements in place for shared access to surrounding parking
lots. Anchored by a long-term national tenant – Cold Stone Creamery, the property boasts a
diverse and stable tenant mix that includes Lake Superior Dispensary, Edward Jones, and Med
Spa, all operating under NNN leases for a truly hands-off investment experience.
Situated on W Central Entrance, the property enjoys outstanding visibility with 21,548 cars per day
(2023). This high-traffic corridor places the property in a prime position to attract and retain top-tier
tenants. With a stabilized income stream, modernized facilities, and proximity to key commercial
activity, this property offers investors both stability and growth potential.
Don't miss this opportunity to own a landmark asset in one of Duluth's most dynamic commercial
hubs. Contact us today for more information or to schedule a private tour.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,849 SF
Building Class
B
Year Built/Renovated
1994/2024
Price
$2,650,000
Price Per SF
$453
Cap Rate
4.33%
NOI
$114,745
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.50
Lot Size
0.27 AC
Zoning
MU-C - Mixed-Use Commercial is established to provide for community & regional commercial development along commercial corridors and nodal centers.
Parking
14 Spaces (2.39 Spaces per 1,000 SF Leased)
Frontage
165 FT on W Central Entrance
Amenities
- Bus Line
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 010444500032 | Improvements Assessment | $356,400 |
| Land Assessment | $247,900 | Total Assessment | $604,300 |
PROPERTY TAXES
Parcel Number
010444500032
Land Assessment
$247,900
Improvements Assessment
$356,400
Total Assessment
$604,300
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Debora Building | 1017-1019 W Central Entrance
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