For Sale
$1,599,000

435 Main St Rice, MN 56367

Fully Leased Retail Center in Rice, MN

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents a fully leased, 8,250-square-foot retail shopping center located at 435 E Main St, Rice, MN 56367. The property, built in 1986, sits on a 100,140-square-foot lot and boasts a prime location directly off Highway 10, ensuring high visibility and accessibility. Currently housing two tenants with a 100% occupancy rate since June 9, 2023, this multi-tenant property offers stable rental income with long-term leases in place. The center features a single, one-story building with 30 parking spaces. The asking price is $1,599,000, translating to $193.82 per square foot. The property is zoned for Business Commercial use and operates under a NNN lease structure. This is a rare opportunity to acquire a well-established, high-performing retail center in a desirable Minnesota location. The Holiday gas station, one of the tenants, has a long-term lease agreement and will continue operations. This property offers a strong return on investment with its consistent rental income and strategic location.

Highlights

  • Fully leased 8,250 SF retail center in Rice, MN.
  • Prime Highway 10 location with high visibility.
  • 100% occupancy since June 9, 2023, with long-term leases.
  • Single-story building on a 100,140 SF lot with 30 parking spaces.
  • Asking price: $1,599,000 ($193.82/SF).
  • NNN lease structure, Business Commercial zoning.

Property Details for 435 Main St

Property type
Retail properties, Grocery and convenience stores
Square Feet
8,250 SF
Year Built
1986
Buildings
1
Stories
1
Units
3

Location Insight

City
Rice
County
Benton
State
Minnesota
Latitude
45.755388705491
Longitude
-94.215248677449

FAQs

What type of property is this?
Retail property - Fully Leased Retail Center in Rice, MN
Where is the retail property located?
The property is located at 435 Main St Rice, MN.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Fully leased 8,250 SF retail center in Rice, MN.; Prime Highway 10 location with high visibility.; 100% occupancy since June 9, 2023, with long-term leases.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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435 Main St
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