Building Details

Tenancy Single

Listing Agency: Coldwell Banker Commercial Orion Real Estate Advisors

Listed By: Scott M. Schmitt, CCIM · License #MN

Source: Crexi

Added: Feb 25 Changed: Aug 8 Last Checked: Aug 19 at 2:21AM

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Investment Insights

Based on property information with market context.

This net leased land investment opportunity is located in Clearwater, MN. The property is single-tenant and 100% net leased by Midcontinent Communications (“Midco”). The investment offers a Cap Rate of 5% with over 17 years remaining on its initial term, expiring in 2042. The lease contains 3% annual rental increases, and one 10-year renewal option. Midco has been operating at this location since 2022 and has made significant financial investment in the infrastructure and technology at this site. The tenant, Midcontinent Communications (“Midco”) has a S&P BB rating and is major regional telecommunications provider in the Midwest. The property is located on County Road 75, one block off of Highway 24, the main retail and business hub. The location offers proximity to Interstate 94, Highway 24, and County Road 75, and is approximately 50 miles northwest of the Twin Cities. This property is an excellent 1031 exchange opportunity.

Key Highlights

• Net leased to Midcontinent Communications (Midco), a regional telecommunications provider with an S&P BB rating
• Over 17 years remaining on the initial lease term (expires in 2042)
• Attractive 3% annual rental increases

Property Analytics

Property Profile

Current Use

1031 exchange properties

Suggested Use

Top Pick Big Box & Wholesale Store Electrical Service Garden Center Nail Salon (Bike/Boat/Book/etc) Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

183

Businesses Nearby

Explore this area Business Placement

Demographics for 55320, MN

5,072

Population

2,253

Households

2.3

Avg Household Size

41

Median Age

28%

College-Educated

97%

High-School Grad

48.8 sq mi

ZIP Area

104

Density / Sq Mi

$109,242

Median Household Income

$52,409

Median Earnings

$1,130

Median Rent

$307,200

Median Home Value

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Frequently Asked Questions

What type of property is this?

NNN property - Single-tenant property with long-term lease and annual rental increases.

Where is this nnn property located?

The property is located at 530 County Road 75 Clearwater, MN.

What is the asking price?

The asking price for this property is $103,000.

What are key features of this property?

This property features: Net leased to Midcontinent Communications (Midco), a regional telecommunications provider with an S&P BB rating; Over 17 years remaining on the initial lease term (expires in 2042); Attractive 3% annual rental increases