This exceptional investment opportunity presents a 15,506 square foot retail property in Zimmerman, Minnesota, featuring two investment-grade tenants: O'Reilly Auto Parts and Dollar Tree. Boasting 100% occupancy and a strong net operating income (NOI) of $210,090, this property offers a compelling 6.35% cap rate on an asking price of $3,300,000. Built in 2000 and renovated in 2022, the property sits on a 4.47-acre lot at 25945 Gateway Dr, 55398, benefiting from high visibility on Highway 169, a major thoroughfare with an average daily traffic count of 28,565 vehicles. The leases have a remaining term of 7 years and 10 months, secured by corporate guarantees from both tenants. O'Reilly Auto Parts and Dollar Tree, both with S&P BBB ratings, are national chains with substantial revenue streams. Rental rates are attractive, with Dollar Tree paying $10.00 per square foot and O'Reilly Auto Parts paying $15.95 per square foot. The property enjoys strong demographics, with an average household income of $130,498 within a 5-mile radius and a population of 19,736. The location benefits from excellent co-tenancy with other national retailers such as Speedway, Dairy Queen, Caribou Coffee, Holiday, Subway, and Hardee's. Further enhancing the property's long-term value, the Highway 169 & County Road 4 Improvement Plan is slated for completion in 2025 and 2026. This is a rare opportunity to acquire a stable, high-performing retail investment with significant upside potential.
Highlights
Investment-grade tenants O'Reilly Auto Parts and Dollar Tree, with 7 years, 10 months of remaining lease term.
O'Reilly Auto Parts (BBB S&P rating) and Dollar Tree (BBB S&P rating) are national chains with substantial revenue.
Dollar Tree pays $10.00 PSF rent; O'Reilly Auto Parts pays $15.95 PSF.
Strong demographics: $130,498 average household income within 5 miles, 19,736 population.
High visibility from Highway 169, averaging 28,565 vehicles daily.
Excellent co-tenancy with Speedway, Dairy Queen, Caribou Coffee, and other national retailers.
The property is located at 25945 Gateway Dr Zimmerman, MN.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Investment-grade tenants O'Reilly Auto Parts and Dollar Tree, with 7 years, 10 months of remaining lease term.; O'Reilly Auto Parts (BBB S&P rating) and Dollar Tree (BBB S&P rating) are national chains with substantial revenue.; Dollar Tree pays $10.00 PSF rent; O'Reilly Auto Parts pays $15.95 PSF.
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Contacts
Deborah Vannelli
Keith Sturm
Amanda Leathers
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Gateway Dr Zimmerman, MN 55398
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Gateway Dr Zimmerman, MN 55398
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25945 Gateway Dr
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