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6.55% Cap Rate. 2022 built Caribou Cabin with prime Hwy 10 frontage. Triple net lease with 9 years remaining of the initial 10-year term. 10% rent increase after year 5. Three additional 5-year options with 10% rent increases after the initial 10-year term.
- Neighborhood
- Type
- CountySherburne
- Tax Amount$4,444
- StatusActive
- Listing #6431730
- Built2022
- Listed on site237 days
Listed by:
Acuity Group
© 2020 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Listing courtesy of Acuity Group. This home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Last Updated: 05/01/2024 08:19
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School Info
- school district728
Property details
Community Features
- No HOA
Property Features
- Corner Lot
- Gas Utilities
Exterior features
- No Pool
Interior Features
- Central Air Conditioning
Property History
| Date | Days Ago | Event | New Price |
|---|---|---|---|
| Apr 9, 2024 | 28 days ago | Price decreased75,000 (5%) | $1,450,000 |
| Jan 26, 2024 | 3 mos ago | Price decreased75,000 (5%) | $1,525,000 |
| Nov 29, 2023 | 5 mos ago | Price decreased50,000 (3%) | $1,600,000 |
| Oct 25, 2023 | 6 mos ago | Price decreased100,000 (6%) | $1,650,000 |
| Sep 13, 2023 | 8 mos ago | New on market | $1,750,000 |
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