326 Central Entrance Duluth, MN 55811
- Retail properties
- 9,600 SF
- 0.96 lot acres
Current Use by Public Records
- Dollar Tree / Dollar Store / Craft Store
Property Details for 326 Central Entrance
- Year built
- 1976
- Lot size
- 0.96 lot acres
- Property size
- 9,600 SF
- Property type
- Retail properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Duluth
- County
- St. Louis
- State
- Minnesota
- Longitude
- -92.1241
- Latitude
- 46.7998
