7039 10th St N - Retail FOR SALE


$1,600,000 USD
612-770-7545
7039 10th St N, Oakdale, MN for Sale
$1,600,000 USD
Retail - FOR SALE
1/6
null | 5.47% Cap Rate


OVERVIEW

Prime NNN Investment – Newly Built Valvoline Ground Lease for Sale Invest in a brand-new 2024 Valvoline Instant Oil Change location with a 15-year absolute net ground lease. This NNN investment property offers zero landlord responsibilities while being leased to a national credit tenant, making it a truly passive income opportunity. The tenant is responsible for all CAM, property taxes, insurance, and maintenance. Investment Highlights: ? Absolute NNN Lease – No landlord responsibilities ? Annual Ground Lease Income: $87,500 ? 10% Rent Increases Every 5 Years – Strong rental growth ? Four (4) 5-Year Renewal Options – Long-term income potential Tenant Strength & Market Performance: Valvoline is a leading national brand with a strong track record. In 2023, Valvoline serviced 27 million vehicles, generating $1.4 billion in revenue from $2.8 billion in total store sales. With 17 consecutive years of same-store sales growth, Valvoline is a stable and profitable tenant in the automotive service industry. Prime Retail Location & High Visibility: This NNN Valvoline for sale is strategically positioned in a thriving retail corridor, surrounded by major national tenants including: ?? Cub Foods, Hy-Vee ? Starbucks, Caribou Coffee ?? Taco Bell, KFC, Burger King, Hardee’s ?? Anytime Fitness & more This high-quality, passive income property offers a long-term lease, rental escalations, and a top-performing national credit tenant in a prime commercial real estate location. ?? Don’t miss this exceptional triple net investment opportunity! Contact us today to learn more.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$275 USD /SF

CAP RATE

5.47%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

-

APN/PARCEL ID

32-029-21-22-0016

ASK ABOUT THIS PROPERTY

Benjamin KrsnakHempelMore Info
612-770-7545

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Benjamin KrsnakHempelMore Info
612-770-7545

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.