1761 County Road C - Bank FOR SALE


Roseville, MN 55113
$2,700,000 USD
612-396-7723
1761 County Road C, Roseville, MN for Sale
$2,700,000 USD
Bank - FOR SALE
1/6
null | 5% Cap Rate

1761 County Road C
Roseville, MN 55113


HIGHLIGHTS

  • Bank of America boasts an A- (S&P) credit rating, securing the investment for decades to come
  • The investment features a ground lease structure, leaving the Landlord with almost no responsibilities
  • Bank of America has recently signed a 15 year lease which features 10% rent bumps every 5 years
  • Roseville is a dense suburb with high projected income growth
  • The property is located in a dense retail corridor featuring national giants such as Walmart, ALDI, Dick’s Sporting Goods, Best Buy, and more

OVERVIEW

Jones Lang Lasalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire the fee simple interest in a newly constructed Bank of America located in Roseville, MN, just 15 minutes from the downtowns of both Minneapolis and Saint Paul. The property is 100% leased to Bank of America, a leading provider of banking and investment services worldwide. Bank of America has recently signed a 15 year ground lease, featuring a 10% rent increase every five years and requiring minimal landlord responsibilities. This investment provides the unique opportunity to obtain stable cash flows from an investment grade tenant in a tight retail submarket of the Twin Cities.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$659 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bank of America

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Bank, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.62 AC

LAND SF

70,567 SF

ZONING

-

APN/PARCEL ID

04-29-23-43-0022

ASK ABOUT THIS PROPERTY

612-396-7723

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612-396-7723

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