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Retail Investment Opportunity in Zimmerman

25945 Gateway Dr, Zimmerman, MN

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For Sale

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NNN property with corporate tenants and highway visibility.

Type:RETAIL

Property size:

15,506 SF

Lot size:

154.14 Acres

Price / SF:

$212/SF

HighLights

Investment‑grade tenants: O’Reilly Auto Parts (BBB) and Dollar Tree (BBB).
Long‑term leases: Approximately 7 years remaining on the lease term.
High visibility: Located with visibility from Highway 169, with 28,565 vehicles daily.
Strong demographics: Average household income of $123,529 within a 5‑mile radius.
Low rent per square foot: Dollar Tree at $10.00 psf and O’Reilly at $15.95 psf.
Upcoming infrastructure improvements: Highway 169 & County Road 4 Improvement Plan to be completed 2025 & 2026.

We can help!

Listing Contact

Keith A Sturm

For Sale

Contact for pricing

NNN property with corporate tenants and highway visibility.

Type:RETAIL

Property size:

15,506 SF

Lot size:

154.14 Acres

Price / SF:

$212/SF

Added:: Oct 23, 2024
Days on Market:: 603
Last Refresh:: May 19 at 10:56 pm

Property Features for 25945 Gateway Dr

General Information

Standard status: Active
Size: 15,506 SF
Lot size: 154.14 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Keith A Sturm

Listing agent Keith A Sturm License #MN 20103724

Listing office Upland Real Estate Group, Inc

Listing date Oct 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

Investment‑grade tenants: O’Reilly Auto Parts (BBB) and Dollar Tree (BBB).
Long‑term leases: Approximately 7 years remaining on the lease term.
High visibility: Located with visibility from Highway 169, with 28,565 vehicles daily.
Strong demographics: Average household income of $123,529 within a 5‑mile radius.
Low rent per square foot: Dollar Tree at $10.00 psf and O’Reilly at $15.95 psf.
Upcoming infrastructure improvements: Highway 169 & County Road 4 Improvement Plan to be completed 2025 & 2026.

Overview

This retail property features corporate tenants O’Reilly Auto Parts and Dollar Tree, with approximately 7 years remaining on the lease term. O’Reilly has an S&P Investment Grade rating of BBB and operates over 6,100 stores across 48 states, generating revenues of $15.8 billion. Dollar Tree also holds an S&P Investment Grade rating of BBB, with more than 16,000 stores in 48 states and revenues of $30.6 billion. The property benefits from low rent per square foot, with Dollar Tree paying $10.00 psf and O’Reilly paying $15.95 psf. Located with visibility from Highway 169, the property experiences average daily traffic counts of 28,565 vehicles. The surrounding area includes retailers such as Speedway, Dairy Queen, Caribou Coffee, Holiday, Subway, and Hardee’s. The property is situated in an area with an average household income of $123,529 within a 5-mile radius and a population of 19,477. A Highway 169 & County Road 4 Improvement Plan is scheduled for completion in 2025 & 2026. The property size is 15,506 square feet.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$294.0k	$18.96
− Vacancy	−$21.2k	−$1.37
EGI	$272.8k	$17.59
− OpEx	−$81.8k	−$5.28
NOI	$191.0k	$12.32

15,506 SF · lease $18.96/SF/yr · vacancy 7.20% · expense 30.00%

Alternative Uses

Best Use

Retail

$2.73M

$2.39M – $3.18M (±1% cap)

NOI $190,978 @ 7.0% cap · market cap 5.79%

Second Best

—

no second resolved use

Theoretical Best

Office A

$3.70M

$3.24M – $4.32M (±1% cap)

NOI $258,959 @ 7.0% cap · market cap 7.85%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Anoshirvan Mazhari, MD Physician O'Reilly auto parts Auto Parts Store Dollar Store Department Store Dr. Sujatha Roberts, ... Physician Emily Luitjens Pediatrician

Suggested Use

Location Insight

Map
Local Demand

City: Zimmerman
County: Sherburne
State: Minnesota
Longitude: -93.5852
Latitude: 45.4416

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Retail Storefront Building

For-sale storefront building with business/commercial zoning and road-frontage benefits on a recently completed roadway.

12788 Fremont Avenue, Zimmerman, MN 55398

View Details
$3,297,984

15,506 SF

Automotive and Discount Retail Center

Conveniently located off Highway 169 with strong visibility for established auto parts and discount retail tenants.

25945 GATEWAY DR, ZIMMERMAN, MN

View Details

For sale
Strip malls
MN
Zimmerman
25945 Gateway Dr

What type of property is this?

Strip mall - NNN property with corporate tenants and highway visibility.

Where is this strip mall located?

The property is located at 25945 Gateway Dr Zimmerman, MN.

What is the asking price?

The asking price for this property is $3,297,984.

What are key features of this property?

This property features: Investment‑grade tenants: O’Reilly Auto Parts (BBB) and Dollar Tree (BBB).; Long‑term leases: Approximately 7 years remaining on the lease term.; High visibility: Located with visibility from Highway 169, with 28,565 vehicles daily.

25945 Gateway Dr, Zimmerman, MN

NNN property with corporate tenants and highway visibility.

Property Features for 25945 Gateway Dr

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Retail Storefront Building

Automotive and Discount Retail Center

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