Quick-Lube NNN
7479 Egan Drive Savage, MN 55378
7479 Egan Drive, Savage, MN, 55378
$1,685,500
For Sale
$1,685,500
Absolute NNN quick-lube leased to Costa Oil with 14 years remaining and three additional five-year renewal options.
Property Size4,141 SF
Price / SF$407.03
Days on Market331
Property Features for 7479 Egan Drive
General Information
- Standard status
- Active
- Size
- 4,141 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2003
Listing agency
Entheos Commercial Realty, LLC
(612) 719-6075
Listed by
Benjamin J Ditzer
(612) 719-6075
Source
Juverealestate
Added: Aug 26, 2025 Updated: Jul 21 at 8:45PM Checked: Jul 21 at 8:45PM
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 Entheos Commercial Realty, LLC
Investment Insights
Based on property information with market context.
This is an absolute NNN quick-lube property leased to Costa Oil. The tenant has 14 years remaining on the base term, with three five-year renewal options. Base rent increases are 2% annually. The property totals 4,141 square feet and is currently generating annual net rent of $112,088 as of October 2025.
The site is an outlot to Target, providing a dedicated retail/automotive service location in a larger retail setting.
The site is an outlot to Target, providing a dedicated retail/automotive service location in a larger retail setting.
Key Highlights
- Absolute NNN quick‑lube leased to Costa Oil
- Year built: 2003
- 14 years remaining on the base term, with 3 additional five‑year renewal options
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.5k | $18.96 |
| − Vacancy | −$5.7k | −$1.37 |
| EGI | $72.9k | $17.59 |
| − OpEx | −$21.9k | −$5.28 |
| NOI | $51.0k | $12.32 |
4,141 SF · lease $18.96/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$728.6K
$637.5K – $850.0K
NOI $51,002 @ 7.0% cap · market cap 3.03%
Second Best
Industrial
$642.7K
$562.3K – $749.8K
NOI $44,987 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$988.0K
$864.5K – $1.15M
NOI $69,157 @ 7.0% cap · market cap 4.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Absolute NNN quick-lube leased to Costa Oil with 14 years remaining and three additional five-year renewal options.
Where is this nnn property located?
The property is located at 7479 Egan Drive Savage, MN.
What is the asking price?
The asking price for this property is $1,685,500.
What are key features of this property?
This property features: Absolute NNN quick‑lube leased to Costa Oil; Year built: 2003; 14 years remaining on the base term, with 3 additional five‑year renewal options
