Auto Body Shop NNN
7701 Commerce Way Eden Prairie, MN 55344
7701 Commerce Way, Eden Prairie, MN, 55344
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For Sale
Contact for pricing
Newly refurbished auto body shop with a 15-year NNN lease signed October 2024.
Property Size12,880 SF
Price / SF$253.42
Days on Market147
Property Features for 7701 Commerce Way
General Information
- Standard status
- Active
- Size
- 12,880 SF
- Property subtype
- RETAIL
Listing agency
Cushman & Wakefield
(952) 200-7890
Listed by
William "Skip" Melin
(952) 200-7890
Source
Moodyscre
Added: Feb 24 Updated: Jul 21 at 4:18AM Checked: Jul 21 at 4:18AM
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 Cushman & Wakefield
Investment Insights
Based on property information with market context.
This newly refurbished auto body shop building is offered as an NNN property with a new 15-year long-term lease signed in October 2024. The asset is occupied by Classic Collision, identified in the remarks as a prominent auto body shop headquartered in Atlanta, Georgia.
The property is located at 7701 Commerce Way in Eden Prairie, Minnesota. It is being presented as a specialized automotive use consistent with the existing operation.
The property is located at 7701 Commerce Way in Eden Prairie, Minnesota. It is being presented as a specialized automotive use consistent with the existing operation.
Key Highlights
- New 15‑year NNN lease signed October 2024
- Recently newly refurbished building
- Classic Collision is a prominent auto body shop headquartered in Atlanta, Georgia
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 | $219.5k | $17.04 |
| − Vacancy | −$15.8k | −$1.23 |
| EGI | $203.7k | $15.81 |
| − OpEx | −$61.1k | −$4.74 |
| NOI | $142.6k | $11.07 |
12,880 SF · lease $17.04/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.04M
$1.78M – $2.38M
NOI $142,571 @ 7.0% cap · market cap 4.37%
Second Best
Industrial
$2.00M
$1.75M – $2.33M
NOI $139,925 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$3.07M
$2.69M – $3.59M
NOI $215,103 @ 7.0% cap · market cap 6.59%
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
Similar Off Market Nearby
- Orr Autosport, LLC — 15180 Martin Dr, Eden Prairie, MN 55344
- Tesla Collision & Service Eden Prairie — 8001 Wallace Rd, Eden Prairie, MN 55344, United States
- Hagen Automotive Inc. — 7965 Wallace Rd, Eden Prairie, MN 55344
- Tesla Collision Eden Prairie — 8001 Wallace Rd, Eden Prairie, MN 55344
- Tesla Collision & Service Eden Prairie — 8001 Wallace Rd, Eden Prairie, MN 55344
FAQs
What type of property is this?
Auto shop - Newly refurbished auto body shop with a 15-year NNN lease signed October 2024.
Where is this auto shop located?
The property is located at 7701 Commerce Way Eden Prairie, MN.
What is the asking price?
The asking price for this property is $3,264,000.
What are key features of this property?
This property features: New 15‑year NNN lease signed October 2024; Recently newly refurbished building; Classic Collision is a prominent auto body shop headquartered in Atlanta, Georgia
