SiteOne Landscape & Supply | 8400 N 60th St
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SiteOne Landscape & Supply 8400 N 60th St
10,236 SF Retail Building Stillwater, MN 55082 $3,850,000 ($376/SF) 6.91% Cap Rate
Investment Highlights
- SiteOne Landscape Supply has 5 1/2 years remaining on a NN lease with 3% annual increases.
- Traffic counts on Highway 36 is 38,500 vehicles per day. Nearby tenants include Fleet Farm, Target, Walmart, Menards, and more.
- New shingled roof installed in 2020 with warranty.
- This location has operated as a landscape supply & nursery store since 1974.
- Population of 96,695 within a 5-mile radius and average household income of $133,830.
- SiteOne Landscape Supply is the largest and only national wholesale distributor of landscaping products in the United States and Canada.
Executive Summary
Net, Net. Landlord responsible to repair and replace roof and structure above $10,000 in any single Lease Year. Landlord to maintain at its expense general public liability insurance. An additional 8.83 acres of pasture land is included in sale but encumbered by a non-incoming producing long term lease (please call for details).
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,236 SF
Building Class
C
Year Built
1960
Price
$3,850,000
Price Per SF
$376
Cap Rate
6.91%
NOI
$266,090
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
30.67 AC
Frontage
212 FT on 60th St
Amenities
- Dedicated Turn Lane
- Signage
PROPERTY TAXES
Parcel Number | 33-030-21-34-0002 | Improvements Assessment | $359,300 |
Land Assessment | $706,800 | Total Assessment | $1,066,100 |
PROPERTY TAXES
Parcel Number
33-030-21-34-0002
Land Assessment
$706,800
Improvements Assessment
$359,300
Total Assessment
$1,066,100
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SiteOne Landscape & Supply | 8400 N 60th St
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