Property Description Zero Landlord responsibilities on this true triple net (NNN) investment property. Tenant has been in the property since 2020. There are approximately 10 years left of the original 15 year base term. A great recession resistant investment in the early education sector. Tenant is a 6-unit operator. Roof replaced in 2020.
Details
Maps
Documents
Contract Information
Status: Closed
Off Market Date: 2025-08-21
Current Price: 1428025
Closed Date: 2025-09-08
Sales Close Price: 1428025
Contingency: None
ListPrice: 1474090
List Date: 2025-04-07
Owner is an Agent?: Yes
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 21
Owner Occupied: No
Year Built: 1997
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 5214
For Sale or Lease: For Sale
Acres: 0.92
Lot Dimensions: 2x2x2x2
Assessment Pending: Unknown
Location Tax and Other Information
House Number: 302
Street Name: Credit Union
Street Suffix: Drive
Postal City: Isanti
County: Isanti
State: MN
Zip Code: 55040
Complex/Dev/Subdivision: Credit Union Add
Assessments
Tax With Assessments: 10526
Building Information
Building Finished SqFt: 5214
Building SqFt: 5214
Income and Expenses
Annual Gross Income: 114242
Annual Net Income: 114242
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 23
Section#: 29
Township#: 35
Sale Options
Sale Includes: Building, Land, Leases
Unit Details
Total Units: 1
Property Features
Accessible: None
CMU Style: Freestanding
Construction Status: Previously Owned
Current Use: Commercial
Exterior: Vinyl
Financing Terms: Conventional
Foundation: Slab
Fuel: Natural Gas
Heating: Forced Air
Loan Terms: Cash; Conventional
Lock Box Type: None
On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate