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Redevelopment Opportunity with Lease Income

1305 Crystal Ln, Chaska, MN

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For Sale

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Redevelopment opportunity with existing income in Chaska, Minnesota.

Type:RETAIL

Property size:

4,809 SF

Lot size:

1.35 Acres

Price / SF:

$367/SF

HighLights

Redevelopment opportunity with approximately $737,000 remaining NOI payments over 5.5 years.
Low asking price of $1,765,000 at a 7.43% Cap Rate.
Lease guaranteed by TBC Corporation with over 2,000 locations.
Located near Hazeltine National Golf Club, future site of major golf championships including the 2029 Ryder Cup.
Strong demographics: $152,740 average household income and a population of 98,975 within a 5‑mile radius.
Property size: 4,800 square feet on 0.67 acres.

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Listing Contact

Deborah Vannelli

For Sale

Contact for pricing

Redevelopment opportunity with existing income in Chaska, Minnesota.

Type:RETAIL

Property size:

4,809 SF

Lot size:

1.35 Acres

Price / SF:

$367/SF

Added:: Apr 23, 2024
Days on Market:: 783
Last Refresh:: May 19 at 10:03 pm

Property Features for 1305 Crystal Ln

General Information

Standard status: Active
Size: 4,809 SF
Lot size: 1.35 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Deborah Vannelli

Listing agent Deborah Vannelli License #MN 20103724

Listing office Upland Real Estate Group, Inc

Listing date Apr 23, 2024

Source Moodyscre

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 Upland Real Estate Group, Inc

HighLights

Redevelopment opportunity with approximately $737,000 remaining NOI payments over 5.5 years.
Low asking price of $1,765,000 at a 7.43% Cap Rate.
Lease guaranteed by TBC Corporation with over 2,000 locations.
Located near Hazeltine National Golf Club, future site of major golf championships including the 2029 Ryder Cup.
Strong demographics: $152,740 average household income and a population of 98,975 within a 5‑mile radius.
Property size: 4,800 square feet on 0.67 acres.

Overview

This 4,800-square-foot property on 0.67 acres presents a redevelopment opportunity with lease buy-out potential. The corporate Big O Tires location has closed, but over 5 years remain on the lease term, which is guaranteed by TBC Corporation with over 2,000 locations. Approximately $737,000 remains in NOI payments over the next 5 1/2 years. The property is located approximately 4 miles from Hazeltine National Golf Club, which has hosted multiple major golf championships and is scheduled to host the 2024 U.S. Amateur Championship, the 2026 KPMG Women’s PGA Championship, and the 2029 Ryder Cup. Nearby retailers include Speedway, Valvoline, Caliber Collision, McDonald’s, Holiday, Caribou Coffee, O’Reilly, and Napa. Area retailers also include Target, Home Depot, Kohl’s, Aldi, Starbucks, Walgreens, Arby’s, and Chipotle. The 5-mile average household income is $152,740, and the 5-mile population is 98,975.

Property Profile Location Intelligence

Current Use by Public Records

Tavo's Carpet & Flooring ... Big Box & Wholesale Store

Suggested Use

Similar Places Nearby

Grace Hegstrom — 1 kelly rd, chaska, mn 55318

Location Insight

Map
Local Demand

City: Chaska
County: Carver
State: Minnesota
Longitude: -93.5796
Latitude: 44.801

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What type of property is this?

Automotive property - Redevelopment opportunity with existing income in Chaska, Minnesota.

Where is this automotive property located?

The property is located at 1305 Crystal Ln Chaska, MN.

What is the asking price?

The asking price for this property is $1,765,000.

What are key features of this property?

This property features: Redevelopment opportunity with approximately $737,000 remaining NOI payments over 5.5 years.; Low asking price of $1,765,000 at a 7.43% Cap Rate.; Lease guaranteed by TBC Corporation with over 2,000 locations.

1305 Crystal Ln, Chaska, MN

Redevelopment opportunity with existing income in Chaska, Minnesota.

Property Features for 1305 Crystal Ln

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

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