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Corner Auto Parts Store with NNN Lease

1111 Rice St, Saint Paul, MN 55117

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For Sale

$1,735,000

Fee-simple auto parts asset leased on a double-net basis with scheduled rent increases and over seven years remaining.

Type:Auto Parts

Property size:

7,257 SF

Price / SF:

$239/SF

HighLights

7,257 SF auto parts store in St. Paul, MN offered on a fee‑simple basis
Double‑net lease with Advance Stores Company Inc. with over 7 years remaining
Lease includes a 3.00% rent increase in 2032
Additional rent increases of 7.50% in each of three 5‑year renewal options
Corner lot on Rice Street, with Rice Street reconstruction adjacent to the property expected completed by Nov 30, 2026

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Jack Skidmore

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For Sale

$1,735,000

Fee-simple auto parts asset leased on a double-net basis with scheduled rent increases and over seven years remaining.

Type:Auto Parts

Property size:

7,257 SF

Price / SF:

$239/SF

Added:: Jun 28, 2026
Days on Market:: 8
Last Refresh:: Jul 1 at 4:45 am

Property Features for 1111 Rice St

General Information

Standard status: Active
Size: 7,257 SF
Property subtype: Auto Parts

We can help!

Contact an agent

Jack Skidmore

Listing office

Listing date Jun 28, 2026

Source Marcusmillichap

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Jack Skidmore

HighLights

7,257 SF auto parts store in St. Paul, MN offered on a fee‑simple basis
Double‑net lease with Advance Stores Company Inc. with over 7 years remaining
Lease includes a 3.00% rent increase in 2032
Additional rent increases of 7.50% in each of three 5‑year renewal options
Corner lot on Rice Street, with Rice Street reconstruction adjacent to the property expected completed by Nov 30, 2026

Overview

This offering presents a fee simple interest in an auto parts store totaling 7,257 square feet. The property is leased to Advance Stores Company Inc. under a recently extended double-net lease structure, with more than 7 years remaining. The lease includes a 3.00% rent increase in 2032 and 7.50% rent increases in each of three 5-year renewal options.

The building is situated on a corner lot on Rice Street, described as the main retail corridor in the North End neighborhood. The property is positioned near the North End Community Center, public library, schools, and local businesses. Rice Street is currently being reconstructed with an improved design, and the section adjacent to the property is expected to be completed by November 30, 2026.

For a buyer seeking a limited-responsibility retail investment, the lease provides a corporately operated tenant with defined scheduled increases and renewal terms. The corner placement on a primary neighborhood corridor may also support long-term retail accessibility for the next tenant assignment if renewal options are not exercised.

Location Intelligence

Current Use by Public Records

Auto shops

Suggested Use

Similar Places Nearby

Remington Auto Repair — 1152 Rice St, St Paul, MN 55117
Best Auto Repair — 380 Maryland Ave W, St Paul, MN 55117
Xpert Auto Center, Inc. — 1160 Rice St, St Paul, MN 55117
KD's — 58 Cook Ave W, St Paul, MN 55117
Hp and son auto — 86 Geranium Ave E, St Paul, MN 55117

Location Insight

Map
Local Demand

City: Saint Paul
County: Dakota
State: Minnesota
Longitude: -93.1060816
Latitude: 44.9745635

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For sale
Auto shops
MN
Saint Paul
55117
1111 Rice St

What type of property is this?

Auto shop - Fee-simple auto parts asset leased on a double-net basis with scheduled rent increases and over seven years remaining.

Where is this auto shop located?

The property is located at 1111 Rice St Saint Paul, MN.

What is the asking price?

The asking price for this property is $1,735,000.

What are key features of this property?

This property features: 7,257 SF auto parts store in St. Paul, MN offered on a fee‑simple basis; Double‑net lease with Advance Stores Company Inc. with over 7 years remaining; Lease includes a 3.00% rent increase in 2032

1111 Rice St, Saint Paul, MN 55117

Fee-simple auto parts asset leased on a double-net basis with scheduled rent increases and over seven years remaining.

Property Features for 1111 Rice St

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Duplex with 4-Bed and 3-Bed Units

Side-by-Side Duplex with Off-Street Parking

Fourplex with In-Unit Laundry

Up/Down Duplex With Detached Garage

Historic Triplex with Finished Attic

Updated 4-Plex Residential Income

Three-Story Duplex with Updated Interiors

Duplex with Two Distinct Units

Side-by-Side Duplex in Historic District

Renovated Duplex Income Property

Turn-of-the-Century Duplex

Up/Down Corner Lot Duplex

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