2004 2nd NE Ave Stewartville, MN 55976-1395
Property Lookup
Property profile & analytics
2004 2nd NE Ave Stewartville, MN 55976-1395
- Automotive properties
- 1.15 lot acres
Property ID
US46-1020666
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Automotive properties
Property Details for 2004 2nd NE Ave
- Lot size
- 1.15 lot acres
- Property type
- Automotive properties
- APN
- 54.27.13.088292
- APU
- 542713088292
Description
This exceptional investment opportunity presents a triple-net (NN+) leased retail portfolio anchored by Dollar General, Dollar Tree, and Family Dollar. Located in Stewartville, Minnesota, this property boasts a 10-year lease commencing February 4, 2025, and expiring February 28, 2035, with five additional five-year renewal options, each including attractive rental increases of $5,000. The property features a 1.15-acre lot and a newly constructed (2025) building. The lease is corporately guaranteed by Dollar Tree Stores, Inc., providing significant financial security. The property benefits from a strong location, with high daily traffic counts exceeding 18,473 vehicles, and proximity to Rochester, Minnesota's third-largest MSA, and Rochester International Airport (approximately 4 miles). The average household income in the area is $87,283 annually. The property offers a substantial net operating income (NOI) of $184,000, resulting in a compelling 7.35% cap rate. The asking price is $2,503,401. The building includes a transferable 20-year roof warranty. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a strong tenant and excellent long-term growth potential.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Stewartville
- County
- Olmsted
- State
- Minnesota
- Longitude
- -92.4857
- Latitude
- 43.87
- CBSA code
- 40340
- CBSA name
- ROCHESTER, MN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,362
$66,700
$0.00
$66,700
-
$66,700
$0.00
$66,700
