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5491 Adams St
7,091 SF 74% Leased Retail Building Mounds View, MN 55112 $850,000 ($120/SF) 7.35% Cap Rate
Investment Highlights
- # of Tenants: 4 (parts store, grocer, salon, storage)
- Gross Income: $94,128 (3 of the 4 tenants are on net leases)
- Occupancy: 100% (one of the tenants can relocate for a new business to come in)
Executive Summary
• # of Tenants: 4 (parts store, grocer, salon, storage)
• Occupancy: 100% (one of the tenants can relocate for a new business to come in)
• Main Building Size: 5,891 SF
• Garage Building Size: 1,200 SF
• Gross Income: $94,128 (3 of the 4 tenants are on net leases)
• Estimated 2024 Expenses: $31,649
• Renovations 2022: Roof, parking lot, HVAC, plumbing, electrical, flooring, fixtures, etc.
• Zoning: B-2
Property Facts
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
• Suite size: 1,561 SF • Price: approx. $2000/month total (including utilities) • Commercial Type: Retail/Office • Lease Type: NNN • Space Use: salon/hair/nails, boutique, grocery/food store, parts sales, restaurant, repair shop • Security deposit: 1 month rent depending on financials • Year Renovated: 2022 • HVAC: Fully heated and air conditioned • Availability: Now
| Space | Size | Space Use | Position | Available |
| 1 | 1,561 SF | Retail | - | Now |
1
| Size |
| 1,561 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1
| Size | 1,561 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
• Suite size: 1,561 SF • Price: approx. $2000/month total (including utilities) • Commercial Type: Retail/Office • Lease Type: NNN • Space Use: salon/hair/nails, boutique, grocery/food store, parts sales, restaurant, repair shop • Security deposit: 1 month rent depending on financials • Year Renovated: 2022 • HVAC: Fully heated and air conditioned • Availability: Now
PROPERTY TAXES
| Parcel Number | 08-30-23-12-0052 | Improvements Assessment | $179,100 |
| Land Assessment | $113,200 | Total Assessment | $292,300 |
PROPERTY TAXES
-
Andrei Bortnov -
Obsidian Group
Presented by
5491 Adams St
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