For Sale
$1,321,000

100 Judd StPerham, MN 56573

McDonald's & Verizon, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
117
This fee-simple retail property in Perham, Minnesota, offers a compelling investment opportunity. The 3,964 square foot building, constructed in 2012, sits on a 0.92-acre lot and boasts a strong tenant lineup: McDonald's and Verizon Wireless, both with corporate guarantees. The property features a convenient drive-thru lane, enhancing customer accessibility. Located at 100 Judd St, Perham, MN 56573, this single-story building benefits from a high-traffic location at the signalized intersection of State Highway 78 and US Highway 10, averaging 15,700 vehicles daily. The property enjoys 100% occupancy with a Net Operating Income (NOI) of $92,457, resulting in a 7.00% cap rate. The asking price is $1,321,000 ($333.25/sq ft). Both tenants have multiple 5-year option periods with scheduled rent increases, providing inflation protection and long-term income growth. Ample parking (36 spaces) is available. The property is zoned for Highway Commercial use and is surrounded by complementary businesses including True Value, O'Reilly Auto Parts, and others, serving a 5-mile trade area with over 5,800 residents and 6,300 daytime employees, boasting an average annual household income of $90,704. This e-commerce resistant investment offers stability and growth potential.

Highlights

  • Investment-grade tenants provide stable income streams.
  • E-commerce-resistant property type offers long-term stability. Scheduled rental increases ensure consistent revenue growth. Drive-thru capability enhances operational efficiency.
  • High-visibility location at a signalized intersection maximizes exposure. Central location offers convenient access and strong tenant appeal. Strong tenant occupancy ensures high returns. Proximity to schools and a hospital provides a supportive community environment.
  • Direct access to a residential consumer base ensures consistent demand. Strong demographics within a 5-mile radius indicate high growth potential.

Property Details for 100 Judd St

Property type
Retail properties, Restaurants
Square Feet
3,964 SF
Year Built
2012
Stories
1
Lot Size (sq. ft)
40,075 SF

Location Insight

City
Perham
County
Otter Tail
State
Minnesota
Latitude
46.5849987
Longitude
-95.5754311
100 Judd St, Perham, Minnesota

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100 Judd St
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