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Shopping Strip

R.W. Rice Building

435 E Main St, Rice, MN 56367

Listing Price: $1,484,816

Cap Rate
6.00%
Gross SF
59,982
Rentable SF
8,250
Price/Gross SF
$24.75
Lot Size
1.66 acres
Year Built
1998

Investment Overview

This three tenant retail asset contains a mix of national and local tenants. The tenants include, Holiday Gas Station, Westside Liquor, and Fudgin Delicious Ice Cream. Holiday Gas Station is on a NNN lease. With 8 regional locations Westside Liquor has been at the property since 2007. Fudgin Delicious Ice Cream is a new addition to the property and operates two additional locations in the region.

Investment Highlights

  • This property is located along a main thoroughfare route between Minneapolis/St. Paul and northern Minnesota which experiences heavy traffic year-round. (24,000 VPD)
  • Holiday Gas Station is NNN with 5 years remaining on the lease. Holiday has been in the location since 2007. They have installed new pumps and updated their paint within the last few years.
  • Westside Liquor is a well known brand in central Minnesota with 8 regional locations. Fudgin Delicious Ice Cream has two other regional locations and this new location is part of an expanding business

Exclusively Listed By

Shopping Strip

R.W. Rice Building

Listing Price: $1,484,816

Cap Rate
6.00%
Gross SF
59,982
Rentable SF
8,250
Price/Gross SF
$24.75
Lot Size
1.66 acres
Year Built
1998

Investment Highlights

  • This property is located along a main thoroughfare route between Minneapolis/St. Paul and northern Minnesota which experiences heavy traffic year-round. (24,000 VPD)
  • Holiday Gas Station is NNN with 5 years remaining on the lease. Holiday has been in the location since 2007. They have installed new pumps and updated their paint within the last few years.
  • Westside Liquor is a well known brand in central Minnesota with 8 regional locations. Fudgin Delicious Ice Cream has two other regional locations and this new location is part of an expanding business

Investment Overview

This three tenant retail asset contains a mix of national and local tenants. The tenants include, Holiday Gas Station, Westside Liquor, and Fudgin Delicious Ice Cream. Holiday Gas Station is on a NNN lease. With 8 regional locations Westside Liquor has been at the property since 2007. Fudgin Delicious Ice Cream is a new addition to the property and operates two additional locations in the region.

Exclusively Listed By

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