100 Judd St Sta, Unit A Perham, MN 56573-2113

Property Details for 100 Judd St Sta

Year built

2012

Property size

8,288 SF

Property type

Commercial real estate

APN

77000991024000

APU

77000991024000

Description

This fee-simple retail property in Perham, Minnesota, offers a compelling investment opportunity. The 3,964 square foot building, constructed in 2012, sits on a 0.92-acre lot and boasts a strong tenant lineup: McDonald's and Verizon Wireless, both with corporate guarantees. The property features a convenient drive-thru lane, enhancing customer accessibility. Located at 100 Judd St, Perham, MN 56573, this single-story building benefits from a high-traffic location at the signalized intersection of State Highway 78 and US Highway 10, averaging 15,700 vehicles daily. The property enjoys 100% occupancy with a Net Operating Income (NOI) of $92,457, resulting in a 7.00% cap rate. The asking price is $1,321,000 ($333.25/sq ft). Both tenants have multiple 5-year option periods with scheduled rent increases, providing inflation protection and long-term income growth. Ample parking (36 spaces) is available. The property is zoned for Highway Commercial use and is surrounded by complementary businesses including True Value, O'Reilly Auto Parts, and others, serving a 5-mile trade area with over 5,800 residents and 6,300 daytime employees, boasting an average annual household income of $90,704. This e-commerce resistant investment offers stability and growth potential.

Location Insight

City

Perham

County

Otter Tail

State

Minnesota

Longitude

-95.5755

Latitude

46.585

CBSA code

22260

CBSA name

FERGUS FALLS, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments