54366 County Hwy 61 Sandstone, MN 55072

Listing details for 54366 County Hwy 61, Sandstone, MN 55072 : Investment Property for sale. Excellent cap rate. Strong Credit Tenant (BNSF) for your investor's portfolio. Taxes are TED as this is currently a city building. See encroachment agreement in supplements for the septic system. $38,500 annual income on a NNN Lease with 3% annual increases in base rent. 5 Year Lease term until June 30th, 2026. Landlord and Tenant may agree to extend for another 5 years if desired by both parties at a new rate at any time during the current term. The option is not mandatory to the Landlord. The property boasts a total of 7,200 Square feet with 3 offices, a generous conference room/common space, 2 bathrooms, ample storage, and a large shop. 1-14 foot garage door and 3 - 13 foot garage doors. Generous parking, concrete aprons and an additional large lean to storage building. Property located just off interstate 35. Buyers agent to verify all measurements.