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    326 Central Entrance Duluth, MN 55811

    For Sale
    $1,395,000

    High-Yield NNN Lease, 9,600 SF

    Property size:
    9,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail property, located at 326 E Central Entrance in Duluth, Minnesota, presents a compelling investment opportunity. The 9,600 square foot building sits on a 0.96-acre lot and boasts a highly desirable Net Net Net (NNN) lease structure, minimizing landlord responsibilities. Built in 1976, the property benefits from a strong location with high traffic volume, experiencing 27,000 cars per day. The asking price is $1,395,000, translating to a price per square foot of $145.31. The property's current cap rate surpasses typical market rates, offering a significant return on investment. The single-tenant occupancy simplifies management, and the drive-through lot enhances accessibility and convenience. Annual property taxes for 2023 were $20,390.00. This prime retail location in St. Louis County, zip code 55811, offers a rare chance to acquire a well-positioned, income-generating asset with a proven track record. The property's size and location make it ideal for a variety of retail uses. This is a turnkey investment ready for immediate income generation. Don't miss this chance to secure a high-performing retail property in a thriving market.

    Property Features for 326 Central Entrance

    General Information

    Property type
    Retail properties
    Square Feet
    9,600 SF
    Lot Size
    41,818 SF

    Building Details

    Year Built
    1976

    HighLights

    • $1,395,000 asking price for this 9,600 SF retail property.
    • NNN lease, single tenant occupancy.
    • $145.31/SF price per square foot.
    • Built in 1976, situated on a 0.96‑acre lot.
    • 7.09% cap rate.
    • High traffic location with 27,000 cars per day and drive‑through access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar Tree Dollar Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Duluth
    County
    St. Louis
    State
    Minnesota
    Longitude
    -92.124084
    Latitude
    46.7998047

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    FAQs

    What type of property is this?
    Retail property - High-Yield NNN Lease, 9,600 SF
    Where is this retail property located?
    The property is located at 326 Central Entrance Duluth, MN.
    What is the asking price?
    The asking price for this property is $1,395,000.
    What are key features of this property?
    This property features: $1,395,000 asking price for this 9,600 SF retail property.; NNN lease, single tenant occupancy.; $145.31/SF price per square foot.
    (218) 310-0013
    Request Owner's contact information
    326 Central Entrance Duluth, MN 55811
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    326 Central Entrance Duluth, MN 55811
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