530 County Road 75 NW
Property Description
CBC Orion Real Estate Advisors are pleased to offer For Sale this rare net leased land investment opportunity located in Clearwater, MN. The subject property is a single-tenant– 100% net leased by Midcontinent Communications (“Midco”). The investment offers a going in Cap Rate of 5% with just under (17) Seventeen years of remaining on its initial term (lease expires in 2042). Additionally, the lease contains attractive 3% annual rental increases, and one (1) – 10-year renewal option. This property offers qualified investors a stable rental income stream with a high-quality credit tenant. The tenant, Midcontinent Communications (“Midco”) has a S&P BB rating and is major regional telecommunications provider in the Midwest. Midco has been operating at this location since 2022 and has made significant financial investment in the infrastructure and technology at this site. Excellent opportunity to acquire this bite sized investment property with long term lease in place. Excellent 1031 exchange opportunity. *** Offered For Sale at $78,000 *** Contact Scott Schmitt, CCIM with CBC Orion Real Estate Advisors for Further Details on this Offering (320) 267-4576
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $78,000 |
| Lot Size: | 0.19 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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