For Sale
$2,500,000

1101 Main StMinneapolis, MN 55413

Minneapolis Shopping Center, 7.7% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
117
This 10,042 square foot shopping center, built in 2007, presents a compelling investment opportunity in Minneapolis, Minnesota. Located at 1101 NE Main St, in the vibrant Northeast Minneapolis neighborhood (APN 14-029-24-23-0471), this stabilized retail property boasts a 7.70% cap rate and a strong net operating income (NOI) of $191,768. The property benefits from a high-traffic, signalized intersection and is situated in a rapidly growing area with a diverse demographic, ensuring a steady stream of customers. Its convenient access to major highways and public transportation further enhances its appeal. The property features long-term leases with built-in rent increases, simplifying management and maximizing returns. The existing tenants provide immediate cash flow, making this an attractive option for investors seeking a stable, income-producing asset in a desirable location with proximity to residential areas and established businesses. The permitted zoning is for retail use, allowing for flexibility and potential future expansion. This property is ideally suited for investors seeking a strong return on investment in a thriving Minneapolis neighborhood. The asking price is $2,500,000.

Highlights

  • Long-term leases with built-in rent increases.
  • Easy-to-manage property.
  • High-traffic location at a signalized intersection.
  • Desirable Northeast Minneapolis location.

Property Details for 1101 Main St

Property type
Lifestyle centers, Power centers
Square Feet
10,042 SF
Year Built
2007

Location Insight

City
Minneapolis
County
Hennepin
State
Minnesota
Latitude
44.998726875407
Longitude
-93.266177407481
1101 Main St, Minneapolis, Minnesota

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1101 Main St
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