Description

750 Paul Bunyan Drive Northwest is a Les Schwab retail investment in Bemidji, MN. The 9,819 SF property is 100% occupied, positioning the sale around an established tenancy and the income it generates rather than a vacant-space leasing strategy.

The retail building was built in 2026 and sits on 2.04 acres. Its 9,819 SF of gross leasable area is paired with 33 parking spaces and monument signage, features that support customer access and identification at the property. Traffic is recorded at 13,053 AADT, giving a retail buyer a measure of passing vehicle activity at this address. The building’s occupancy keeps the focus on the existing lease and its income stream. For an investor comparing retail assets, the site area, parking, signage, and traffic count provide useful context alongside the financial terms.

The asking price is $3,448,000, or $351.16 PSF, at a 5.25% cap rate. NOI is $181,000, with in-place rents of $181,000/year. A 20 years WALT and an Absolute Net lease define the income profile for a buyer seeking a leased retail property. Together with 100% occupancy, those terms make the current tenancy central to the acquisition: the investment case rests on the existing rent stream, the lease duration, and the property’s retail setting in Bemidji.