Leased Auto
For Sale
Contact for pricing
7501 Brooklyn Blvd, Minneapolis, MN 55443
Established tire and automotive repair property with a new five-year NN lease along Brooklyn Blvd.
Property Size2,200 SF
Price / SF$363.64
Days on Market149
Property Features for 7501 Brooklyn Blvd
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Retail
Occupancy
100%
Net Operating Income
$63,280
Additional Details
Road Access
Yes
Building Details
Year Built
1969
Units
1
Tenancy
Single
Listing Agency:
CBRE Minneapolis
Listed By:
AJ Prins · License #MN 20395954
Source:
Crexi
Added: Apr 6
Changed: Aug 30
Last Checked: Aug 30 at 3:19PM
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 CBRE Minneapolis
Investment Insights
Based on property information with market context.
This 2,200-square-foot auto shop at 7501 Brooklyn Blvd in Minneapolis was built in 1969 and has supported tire and automotive repair operations for more than 40 years. The current business operator recently acquired the business and entered into a new five-year lease.
The property occupies a heavily populated trade area with more than 450,000 residents within a five-mile radius. Its Brooklyn Blvd setting places the facility near national big-box retailers, restaurants, and service businesses. The lease is structured on an NN basis, limiting landlord responsibilities while maintaining an established automotive use at the site.
The property occupies a heavily populated trade area with more than 450,000 residents within a five-mile radius. Its Brooklyn Blvd setting places the facility near national big-box retailers, restaurants, and service businesses. The lease is structured on an NN basis, limiting landlord responsibilities while maintaining an established automotive use at the site.
Key Highlights
- 2,200‑square‑foot auto shop at 7501 Brooklyn Blvd
- New five‑year lease following the tenant’s recent business acquisition
- NN lease structure with limited landlord responsibilities
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,580
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$531,600
$531.6K
Cap Rate 7%
$379,714
$379.7K
Cap Rate 9%
$295,333
$295.3K
Market Conditions
NOI Build-Up for 2,200 SF
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.
Gross rent
$41.2K $18.72/SF
− Vacancy
−$3.2K −$1.46/SF
EGI
$38.0K $17.26/SF
− OpEx
−$11.4K −$5.18/SF
NOI
$26.6K $12.08/SF
Area
ZIP 55443
Vacancy
7.80%
Lease Rate
$18.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$531,600
Cap Rate 7%
$379,714
Cap Rate 9%
$295,333
Alternative Uses
Best Use
Retail
$379.7K
$332.3K – $443.0K
NOI $26,580 @ 7.0% cap · market cap 3.32%
Second Best
Industrial
$341.4K
$298.8K – $398.3K
NOI $23,900 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$524.9K
$459.3K – $612.4K
NOI $36,741 @ 7.0% cap · market cap 4.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
767
Businesses Nearby
62k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 39%
Groceries 37%
Dining 22%
Electronics 1%
Aldi
Groceries
23,174 visits/mo
0.2 miles
Speedway
Shops & Services
11,342 visits/mo
0.1 miles
White Castle
Dining
6,887 visits/mo
0.5 miles
Family Dollar
Shops & Services
4,507 visits/mo
0.4 miles
AutoZone
Shops & Services
4,261 visits/mo
0.5 miles
Demographics for 55443, MN
36,771
Population
12,275
Households
3
Avg Household Size
36
Median Age
36%
College-Educated
89%
High-School Grad
9.1 sq mi
ZIP Area
4,041
Density / Sq Mi
$88,220
Median Household Income
$50,341
Median Earnings
$1,306
Median Rent
$346,200
Median Home Value
Market
Vacancy Rate% for Retail in Minneapolis, MN
Questions? Ask Rey
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Similar Off Market Nearby
- ATM — 7401 Regent Ave N, Minneapolis, MN 55443
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- Luther Auto Glass — 7415 Brooklyn Blvd, Brooklyn Park, MN 55443
- 24-SEVEN TOWING — 7416 Brooklyn Blvd, Minneapolis, MN 55443
- Tire Xpress — 7501 Brooklyn Blvd, Minneapolis, MN 55443
Frequently Asked Questions
What type of property is this?
Auto shop - Established tire and automotive repair property with a new five-year NN lease along Brooklyn Blvd.
Where is this auto shop located?
The property is located at 7501 Brooklyn Blvd Minneapolis, MN.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 2,200‑square‑foot auto shop at 7501 Brooklyn Blvd; New five‑year lease following the tenant’s recent business acquisition; NN lease structure with limited landlord responsibilities
