About This Restaurant
Investment Highlights
100% percent leased out, great cashflow and NOI
Executive Summary
CA$H COW! This mixed use building is priced at higher than a 10 cap. It consists of four residential apartments, a photography studio, a restaurant/ commercial kitchen space, and a warehouse. This hard-to-find deal is right in downtown Hinckley. Fully rented with amazing tenants that have a consistent record of paying on time, you will love this investment. The monthly rental income is $5,975/month. Come and check it out! Serious investors only please.
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Storefront Retail/Residential Storefront Retail/Residential General Retail Restaurant Industrial Warehouse Storefront Retail/Residential
- Building Size 9,325
- Building Class C
- Year Built 1900
- Price 450,000
- Price Per SF 48
- Cap Rate 11.50
- NOI 51,746
- Percent Leased 100
- Tenancy Multiple
- Building Height 2 Stories
- Building FAR 1.12
- Land Acres 0.19 AC
- Opportunity Zone Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Amenities
- Signage
Property Taxes
| Parcel Number | 040.5106.000 | Improvements Assessment | $19,200 (2023) |
| Land Assessment | $220,600 (2023) | Total Assessment | $239,800 (2023) |
| Date Created: | 2024-07-16 04:16:20 | Last Updated: | 2024-07-16 04:16:20 |
| Address: | 123-125 Main St E , Hinckley, Minnesota, 55037 | ||