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December 12, 2018

Retail/Shopping Center For Sale in Hermantown, Minnesota


Property # 1178388 Available $995,000.00


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Link To This Page:
http://www.land.net/view.php?v_id=1178388


   Property Information

Property Sub-TypeOther Retail Space
Other RetailHot Tub Retailer & Service
Property NameThe Hot Tub Store
Property Address 14881 Miller Trunk Hwy
Property Address 2n.a.
Property Town/CityHermantown
Property CountySaint Louis
Property StateMinnesota
Property ZIP/Postal Code 55811
MLS #n.a.
Section/Block/Lotn.a.
Zoningn.a.
Current UseVacant/Owner-Used
Building Sq. Ft.3,300
Gross Leasable Sq. Ft.3,300
No. Floors1
Lot Size Sq. Ft.n.a.
Lot Frontage Ft.n.a.
Lot Depth Ft.n.a.
No. Parking Spacesn.a.
Year Built2001
Year Last Renovatedn.a.
Construction Typen.a.
Property Description Northern Minnesota hot tub/pool sales and service within a 100 mile radius. Premium quality dealer in 3300 sq ft of leased space servicing most makes with good cash flow to owner operator. Owner retiring after 16 years.
Area DescriptionNear Duluth Minnesota, near the shores of Lake Superior.


   Financial Information

Sales Price $$995,000.00
Gross Revenue $$1,000,000.00
Total Expenses $n.a.
Taxes $n.a.
Net Operating Income $$23,800.00
Cap Rate0.00%
Occupancy Rate0.00%
Price Per Leasable Sq. Ft. $n.a.
Year Ending2016
1031 Exchange?n.a.
Financing/Termscash sale


   Major Tenants

Tenant #1n.a.
Sq. Ft. #1n.a.
Lease Ends #1n.a.
Tenant #2n.a.
Sq. Ft. #2n.a.
Lease Ends #2n.a.
Tenant #3n.a.
Sq. Ft. #3n.a.
Lease Ends #3n.a.
Tenant #4n.a.
Sq. Ft. #4n.a.
Lease Ends #4n.a.
Tenant #5n.a.
Sq. Ft. #5n.a.
Lease Ends #5n.a.

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