701 5Th St Minneapolis, MN 55401

This exceptional investment opportunity presents a 12,336 square foot, free-standing retail building in Minneapolis' highly sought-after North Loop neighborhood. Currently occupied by Inbound BrewCo. under an absolute NNN lease with 10 years remaining, this property offers significant upside potential. The lease includes annual rent bumps and two 5-year renewal options, ensuring long-term income stability. The building, constructed in 1958 and extensively renovated in 2016, boasts a new roof, windows, doors, HVAC system, upgraded utilities, sprinkler system, and security/fire systems. Interior improvements include updated flooring and patio space, along with fresh exterior paint. Located just 0.2 miles from Target Field and near other downtown attractions, the property benefits from strong demographics, with a population exceeding 488,000 within a 5-mile radius and an average household income over $130,000 within 1 mile. The property sits on a 0.27-acre lot and enjoys a 7.00% cap rate based on a Net Operating Income (NOI) of $195,000 and an asking price of $2,785,714. The low market vacancy rate of 2.6% underscores the exceptional market stability and investment potential, further enhanced by the tenant's below-market rent. This is a turnkey investment with minimal landlord responsibilities, offering a compelling combination of strong tenant, prime location, and significant long-term growth prospects.