O'Reilly Auto Parts NNN
For Sale
Contact for pricing
Pending
1988 Rahncliff Court, Eagan, MN 55122
Automotive parts retail facility with a NNN lease, renewal options, and access to major Twin Cities transportation corridors.
Property Size5,600 SF
Days on Market160
Property Features for 1988 Rahncliff Court
General Information
Standard status
Pending
Size
5,600 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Core+
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1987
Buildings
1
Tenancy
Single
Listing Agency:
MC Partners
Listed By:
Matt Hazelton · License #MN 40449423
(612) 396-7723
Source:
Crexi
Added: May 8
Changed: Oct 10
Last Checked: Oct 12 at 6:39PM
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 MC Partners
Investment Insights
Based on property information with market context.
The property is a 5,600-square-foot automotive parts retail store built in 1987 and occupied continuously by O'Reilly Auto Parts for 27 years. The fee-simple offering is subject to a NNN lease extending through June 2031, with two additional five-year renewal options that could extend the tenancy through 2041. Built-in rent escalations apply during the primary term and renewal periods.
Located at the signalized intersection of Cliff Road and Rahncliff Road, the property connects directly to I-35E and I-494, which together carry over 150,000 vehicles per day. The surrounding retail corridor includes Trader Joe's, Cub Foods, Target, and Cliff Lake Centre. Twin Cities Premium Outlets, with more than 100 stores across 409,000 square feet, is less than two miles away. The property is also positioned near MSP International Airport, Mall of America, and downtown Minneapolis and Saint Paul.
Located at the signalized intersection of Cliff Road and Rahncliff Road, the property connects directly to I-35E and I-494, which together carry over 150,000 vehicles per day. The surrounding retail corridor includes Trader Joe's, Cub Foods, Target, and Cliff Lake Centre. Twin Cities Premium Outlets, with more than 100 stores across 409,000 square feet, is less than two miles away. The property is also positioned near MSP International Airport, Mall of America, and downtown Minneapolis and Saint Paul.
Key Highlights
- 5,600‑square‑foot automotive parts retail store built in 1987
- NNN lease runs through June 2031 with two additional five‑year renewal options
- Lease options could extend the tenancy through 2041
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,837
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,216,740
$1.2M
Cap Rate 7%
$869,100
$869.1K
Cap Rate 9%
$675,967
$676.0K
Market Conditions
NOI Build-Up for 5,600 SF
Gross rent
$90.7K $16.20/SF
− Vacancy
−$3.8K −$0.68/SF
EGI
$86.9K $15.52/SF
− OpEx
−$26.1K −$4.66/SF
NOI
$60.8K $10.86/SF
Area
Dakota County, MN
Vacancy
4.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,216,740
Cap Rate 7%
$869,100
Cap Rate 9%
$675,967
Alternative Uses
Best Use
Industrial
$869.1K
$760.5K – $1.01M
NOI $60,837 @ 7.0% cap · market cap 5.05%
Second Best
Retail
$843.7K
$738.2K – $984.3K
NOI $59,059 @ 7.0% cap · market cap 4.90%
Theoretical Best
Healthcare Medical
$1.38M
$1.21M – $1.61M
NOI $96,466 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
728
Businesses Nearby
347k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 25%
Groceries 25%
Dining 23%
Shops & Services 12%
Target
Superstores
87,520 visits/mo
0.1 miles
Trader Joe's
Groceries
50,154 visits/mo
0.2 miles
Emagine Eagan
Leisure
40,690 visits/mo
0.2 miles
Cub Foods
Groceries
37,164 visits/mo
0.4 miles
Taco Bell
Dining
18,719 visits/mo
0.1 miles
Demographics for 55122, MN
32,204
Population
13,965
Households
2.3
Avg Household Size
40
Median Age
48%
College-Educated
96%
High-School Grad
10.8 sq mi
ZIP Area
2,982
Density / Sq Mi
$93,980
Median Household Income
$55,845
Median Earnings
$1,594
Median Rent
$342,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Automotive parts retail facility with a NNN lease, renewal options, and access to major Twin Cities transportation corridors.
Where is this nnn property located?
The property is located at 1988 Rahncliff Court Eagan, MN.
What is the asking price?
The asking price for this property is $1,205,000.
What are key features of this property?
This property features: 5,600‑square‑foot automotive parts retail store built in 1987; NNN lease runs through June 2031 with two additional five‑year renewal options; Lease options could extend the tenancy through 2041
