2610 East Lake St Minneapolis, MN 55406
NNN leased AutoZone in Minneapolis with long-term lease.
Property Features for 2610 East Lake St
General Information
- Standard status
- Active
Source:
Cbre
Listing Agent: Aj Prins
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Minneapolis AutoZone Investment Opportunity
This single-story, 10,886 square foot AutoZone facility, constructed in 2021, is located on a 0.75-acre urban infill site in Minneapolis, MN. The property is situated on a signalized corner and has been occupied by AutoZone since 2011. In 2021, the building was rebuilt, and AutoZone committed to a 15-year lease. AutoZone, Inc. is a retailer and distributor of automotive replacement parts and accessories in the United States, operating over 7,000 stores across the U.S., Mexico, Puerto Rico, Brazil, and other international markets. AutoZone serves DIY customers, commercial businesses, mechanics, repair shops, and professional installers through its commercial sales program. In 2024, AutoZone reported revenues of $18.49 Billion, a 5.92% increase compared to 2023. The company is publicly traded (AZO) with an investment-grade credit rating of BBB (S&P). The property is located within the Minneapolis-St. Paul area, the nation’s 16th largest MSA with approximately 3.6 million residents. Over 500,000 people live within a 5-mile radius of the AutoZone site. The location is shadow-anchored by major retail traffic drivers such as Target, Cub Foods, and Aldi. The property has 11 years of lease term remaining, with 10% rent increases every five years. AutoZone has demonstrated their commitment to this location by rebuilding the facility in 2021 and executing a long-term 15-year lease. This site is strategically positioned to meet the increasing demand for Auto Parts in a densely populated trade area.
Location Intelligence
Current Use by Public Records
AutoZone Auto Parts
Auto Parts Store
Similar Places Nearby
Sandberg Imports, Powderhorn Garage, Hayford Auto & Transmission, Alexander's Import Auto Repair, CEDAR TOWING & AUCTION
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.2340459
- Latitude
- 44.9487569
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - NNN leased AutoZone in Minneapolis with long-term lease.
Where is this auto shop located?
The property is located at 2610 East Lake St Minneapolis, MN.
What is the asking price?
The asking price for this property is $3,520,000.
What are key features of this property?
This property features: - Long-term lease with 11 years remaining and guaranteed by investment-grade tenant (BBB S&P).; - Significant 10% rent increases every five years, providing increasing income stream.; - Brand new build-to-suit construction in 2021, demonstrating AutoZone's commitment to the location.
