5431 Lyndale AveMinneapolis, MN 55419
For Sale
$4,500,000
Minneapolis Auto Shop Investment. Strong tenant, high ROI.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 92
Highlights
- 19,268 SF Class A single-tenant net-leased property in Minneapolis, MN.
- Caliber Collision occupies the 2011-built auto shop on a 1.26-acre lot with 60 parking spaces and a strong corporate guarantee.
- 15-year lease (9/1/2015 - 8/31/2030) with ~5.8 years remaining, including two 5-year options and 5% rent bumps every five years.
- 7.00% cap rate, $315,000 NOI, $4,500,000 asking price ($233.55/SF).
- Tilt-up concrete building with gated perimeter, high ceilings, multiple drive-in doors, and excellent I-35 access near the Mall of America.
Property Details for 5431 Lyndale Ave
- Property type
- Other retail properties, Automotive properties
- Square Feet
- 19,268 SF
- Class
- A
- Year Built
- 2011
- Buildings
- 1
- Lot Size (sq. ft)
- 54,886 SF
Location Insight
- City
- Minneapolis
- County
- Hennepin
- State
- Minnesota
- Latitude
- 44.903586836562
- Longitude
- -93.288350448169
5431 Lyndale Ave, Minneapolis, Minnesota
Nearby Similar for Sale
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