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September 19, 2019

Retail/Shopping Center For Sale in Duluth, Minnesota

Property # 1178415 Available $1,995,000.00

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   Property Information

Property Sub-TypeFreestanding
Other Retail Space
Other RetailGrocery, Deli with Catering
Property NameGrocery in Duluth, MN area
Property Address 1n.a.
Property Address 2n.a.
Property Town/CityDuluth
Property Countyn.a.
Property StateMinnesota
Property ZIP/Postal Code 00000
MLS #n.a.
Current UseVacant/Owner-Used
Building Sq. Ft.7,500
Gross Leasable Sq. Ft.7,500
No. Floorsn.a.
Lot Size Sq. Ft.46,750
Lot Frontage Ft.275
Lot Depth Ft.170
No. Parking Spacesn.a.
Year Builtn.a.
Year Last Renovatedn.a.
Construction Typen.a.
Property Description Duluth area grocery store with deli, fuel and catering. The business income consists of 40% catering, 40% grocery sales and 20% gasoline. Good cash flow to owner/operator with real estate included.
Area DescriptionDuluth and surrounding area are on the shores of Lake Superior in Northern Minnesota. Area offers outdoor experiences galore, along with a host of cultural gems and a sports arena.

   Financial Information

Sales Price $$1,995,000.00
Gross Revenue $$4,913,144.00
Total Expenses $n.a.
Taxes $n.a.
Net Operating Income $$473,153.00
Cap Rate0.00%
Occupancy Rate0.00%
Price Per Leasable Sq. Ft. $n.a.
Year Ending2017
1031 Exchange?n.a.
Financing/Termscash sale

   Major Tenants

Tenant #1n.a.
Sq. Ft. #1n.a.
Lease Ends #1n.a.
Tenant #2n.a.
Sq. Ft. #2n.a.
Lease Ends #2n.a.
Tenant #3n.a.
Sq. Ft. #3n.a.
Lease Ends #3n.a.
Tenant #4n.a.
Sq. Ft. #4n.a.
Lease Ends #4n.a.
Tenant #5n.a.
Sq. Ft. #5n.a.
Lease Ends #5n.a.

This information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information.
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