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1602 Highway 71
International Falls, MN 56649

$2,926,829 USD

Freestanding For Sale  •  28,784 SF

Property Details

• Property Type Freestanding
• Total Building Size 28,733 SF
• Lot Size 2.82 AC
• Building Class B
• Year Built 2000
• Cap Rate 6.15 %
• Tenancy Single

40 Walk Score

Highlights

±11.25 years remaining on NN lease with upcoming rent bump in November 2027

Investment-grade tenant: BBB (S&P) and Baa1 (Moody's) credit ratings

5% rent increases every 5 years; cap rate grows from 6.15% to ~8.24%

Four, 5-year renewal options representing up to ±31 years total lease commitment

Busiest land port of entry in Minnesota with ~$12 billion in annual cross-border trade

Fee simple ownership of ±28,733 SF building on ±3.16 acres

Cap Rate:

6.15 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Tractor Supply Company		3/28/2039