Listing Agency: CBRE Minneapolis

Listed By: AJ Prins · License #MN 20395954

Source: Crexi

Added: Apr 24 Changed: Aug 8 Last Checked: Jul 19 at 7:13AM

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Investment Insights

Based on property information with market context.

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 has been occupied by AutoZone since 2011 and was rebuilt in 2021, with the tenant committing to a 15-year lease. The location is a signalized corner. AutoZone is a retailer and distributor of automotive replacement parts and accessories with over 7,000 stores across the U.S., Mexico, Puerto Rico, Brazil, and other international markets. The company serves DIY customers, commercial businesses, and professional installers. 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 Minneapolis-St. Paul area is 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 like 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.

Key Highlights

• Long‑term 15‑year lease with approximately 11 years remaining, providing stable, in‑place income
• Investment‑grade credit tenant (AutoZone, BBB rated) guarantees a reliable income stream
• Strategic location in a densely populated area (over 500,000 residents within a 5‑mile radius) ensures high demand

Property Analytics

Property Profile

Current Use

AutoZone Auto Parts Auto Parts Store

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Dental Office Auto Parts Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,312

Businesses Nearby

142k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 46% Shops & Services 30% Apparel 21% Electronics 1%

Raising Cane's Chicken Fingers Dining

34,962 visits/mo 0.2 miles

McDonald's Dining

26,269 visits/mo 0.3 miles

Burlington Apparel

24,562 visits/mo 0.4 miles

MotoMart Shops & Services

17,702 visits/mo 0.4 miles

Dollar Tree Shops & Services

15,879 visits/mo 0.3 miles

Demographics for 55406, MN

34,588

Population

17,439

Households

2

Avg Household Size

39

Median Age

56%

College-Educated

93%

High-School Grad

5.0 sq mi

ZIP Area

6,918

Density / Sq Mi

$91,865

Median Household Income

$56,291

Median Earnings

$1,276

Median Rent

$335,500

Median Home Value

Market

Vacancy Rate% for Retail in Minneapolis, MN

5.8% 2019

6.4% 2020

5.7% 2021

4.9% 2022

4.2% 2023

3.7% 2024

4.4% 2025

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Frequently Asked Questions

What type of property is this?

Auto shop - Single-tenant AutoZone with long-term lease and rent increases.

Where is this auto shop located?

The property is located at 2610 E Lake St Minneapolis, MN.

What are key features of this property?

This property features: Long‑term 15‑year lease with approximately 11 years remaining, providing stable, in‑place income; Investment‑grade credit tenant (AutoZone, BBB rated) guarantees a reliable income stream; Strategic location in a densely populated area (over 500,000 residents within a 5‑mile radius) ensures high demand