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Sun Foods Acquires Closed Walmart Site In Brooklyn Center For $8.2M
SOLD
$8,200,000
Minnesota
See Similar DealsRetail
Sold 01/17/2024
SOLD
Sun Foods Acquires Closed Walmart Site In Brooklyn Center For $8.2M
1200 Shingle Creek Crossing
See Similar DealsRetail
Sold 01/17/2024
Summary
MINNESOTA
Asset Type:Retail
Transaction Type:Sale
Sun Foods, an ethnic grocer based in Brooklyn Center, has acquired the recently closed Walmart site located at 1200 Shingle Creek Crossing in Brooklyn Center, MN. The retail property was sold for a total of $8,200,000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,200,000
- Address: 1200 Shingle Creek Crossing, Brooklyn Center, MN
- Market: Brooklyn Center, MN
- Buyer: Robert DeuPree - Sun Foods
Robert DeuPree, representing Sun Foods, was the buyer in this transaction. Sun Foods, an ethnic grocer, is expanding its presence in Brooklyn Center with the purchase of the former Walmart site for nearly $8.2 million.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$437,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,132.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,872.18
Annual Debt Service$466,466.20
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