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BP | Braham, MN 209 Main Ave N 2,866 SF Retail Building Braham, MN 55006 $3,696,489 CAD ($1,289.77 CAD/SF) 8% Cap Rate
Investment Highlights
- Solid Tenant
- Strong Market Fundamentals
- Great MN Market
- Strategic Location
- Essential Service Retail
Executive Summary
Solid Tenant -
Long-term tenant with 14+ years remaining and annual rent bumps. This BP ranks in the 85th percentile nationwide and 94th in MN with limited local competition.
Strategic Location -
Positioned to capture traffic along Main Ave / MN-107, the main thoroughfare with traffic counts over 5.1K+ per day. The property is easily accessible with a large lot, ample parking, and signage.
Strong Market Fundamentals -
Retail submarket vacancy is at just 1.6% with no current construction, supporting long-term stability.
Essential Service Retail -
Gas stations remain recession-resistant assets and a critical part of the retail landscape, bolstering long-term viability. This c-store is the only gas station in Braham, which also has limited shopping options for essential items.
Great MN Market -
Located about 50 miles north of the Twin Cities, Braham combines rural living with modern amenities. The area within a ten-mile radius of the property has a population exceeding 14,000, with an average household income of over $90,000.
Long-term tenant with 14+ years remaining and annual rent bumps. This BP ranks in the 85th percentile nationwide and 94th in MN with limited local competition.
Strategic Location -
Positioned to capture traffic along Main Ave / MN-107, the main thoroughfare with traffic counts over 5.1K+ per day. The property is easily accessible with a large lot, ample parking, and signage.
Strong Market Fundamentals -
Retail submarket vacancy is at just 1.6% with no current construction, supporting long-term stability.
Essential Service Retail -
Gas stations remain recession-resistant assets and a critical part of the retail landscape, bolstering long-term viability. This c-store is the only gas station in Braham, which also has limited shopping options for essential items.
Great MN Market -
Located about 50 miles north of the Twin Cities, Braham combines rural living with modern amenities. The area within a ten-mile radius of the property has a population exceeding 14,000, with an average household income of over $90,000.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,866 SF
Building Class
C
Year Built
1988
Price
$3,696,489 CAD
Price Per SF
$1,289.77 CAD
Cap Rate
8%
NOI
$295,719 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.00 AC
Parking
10 Spaces (3.49 Spaces per 1,000 SF Leased)
Frontage
330’ on Main Ave N
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 14.041.0050 | Improvements Assessment | $236,849 CAD |
| Land Assessment | $178,937 CAD | Total Assessment | $415,787 CAD |
Property Taxes
Parcel Number
14.041.0050
Land Assessment
$178,937 CAD
Improvements Assessment
$236,849 CAD
Total Assessment
$415,787 CAD
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BP | Braham, MN | 209 Main Ave N
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