1121 Cross St Mankato, MN 56001

This exceptional investment opportunity in North Mankato, Minnesota features a 11,500 square foot commercial property currently leased to FedEx. The property, located at 1121 Cross St., Mankato, MN 56001, sits on a 72,005 square foot lot at the intersection of Cross Street and Truman Avenue, providing easy access to Highway 169. The building consists of a 1,500 square foot metal office and a 10,000 square foot metal warehouse. The property is classified as a Class B office building with a single tenant under a Net Net Net (NNN) lease. The current lease with FedEx extends through 2025 with a five-year renewal option, ensuring consistent passive income. The asking price is $1,250,000, representing a 5.06% capitalization rate. This 100% occupied property offers a strong return on investment with a long-term, creditworthy tenant. The property's strategic location in a thriving North Mankato community further enhances its investment appeal. This is a rare opportunity to acquire a stable, high-performing commercial property with significant long-term potential.