619 7Th StMinneapolis, MN 55415

For Sale
Call for price

Caliber Collision NNN Lease, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 7,536 square foot, single-tenant net-leased auto shop located at 619 S 7th St, Minneapolis, MN 55415. The property, built in 1947 and renovated in 2022, sits on a 0.32-acre lot and includes 11 parking spaces. Currently occupied by Caliber Collision, a national leader in auto collision repair with over $5.7 billion in revenue, the property benefits from a 15-year lease (commencing September 1, 2015, and expiring August 31, 2030), with approximately 5.8 years remaining. The lease includes a corporate guarantee and 5% rent bumps every five years, with the next increase scheduled for September 1, 2025. Two 5-year lease options are also available. This irreplaceable location in downtown Minneapolis boasts unparalleled visibility and is less than two blocks from I-35W and I-94 access ramps, adjacent to US Bank Stadium and Hennepin Medical Hospital, and one block from the Minneapolis Skyway System. The tenant is responsible for most maintenance and repairs, with the landlord responsible for roof and structure (roof warranty until 2042). This presents a strong, recession-resistant investment with below-market rent and zero competition in the immediate area. The property's proximity to 28,000 households within a one-mile radius, each owning at least one vehicle, further enhances its investment potential. Caliber Collision's strong financial standing, recently upgraded credit rating (B2 in August 2023), and national presence provide significant security and long-term growth prospects.

Highlights

  • Prime Downtown Minneapolis location with exceptional visibility and high population density.
  • Less than two blocks from I-35W and I-94 freeway access.
  • Adjacent to US Bank Stadium and Hennepin County Medical Center; 28,000 households within one mile own at least one vehicle.
  • One block from the Minneapolis Skyway System, connecting to downtown's core amenities.
  • Below-market rent with a long-term (since 1947) tenant, Caliber Collision, an e-commerce and recession-resistant business.
  • Unique offering: The only auto collision repair center in Downtown Minneapolis; corner lot with ample parking.

Property Details for 619 7Th St

Property type
Other retail properties, Automotive properties
Square Feet
7,536 SF
Year Built/Renovated
1947/2022
Buildings
1
Lot Size (sq. ft)
13,939 SF

Location Insight

City
Minneapolis
County
Hennepin
State
Minnesota
Latitude
44.972993924559
Longitude
-93.263138162738
619 7Th St, Minneapolis, Minnesota

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619 7Th St
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