9284 Baltimore St Blaine, MN 55449
- Specialty properties
- 4,652 SF
- 3.00 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 9284 Baltimore St
- Lot size
- 3.00 lot acres
- Property size
- 4,652 SF
- Property type
- Specialty properties
- Property subtype
- Car washes
Description
This exceptional investment opportunity presents a fully occupied, 4,652 square foot car wash situated on a 3-acre lot at 9284 Baltimore St NE, Blaine, Minnesota, 55449. The property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $338,000. A newly renovated facility (2023) ensures modern amenities and operational efficiency. The sale includes a 20-year triple-net (NNN) lease with Mammoth Holdings, LLC, a reputable 130+ unit operator, providing a corporate guarantee and minimizing landlord responsibilities. The lease features attractive 1.50% annual rental escalations throughout the base term and four, five-year renewal option periods. This investment qualifies for 15-year accelerated depreciation and bonus depreciation, further enhancing its financial appeal. The asking price is $4,828,571, translating to $1,037.96 per square foot. This is a rare opportunity to acquire a high-performing, low-maintenance asset with significant long-term growth potential in a prime location. The property's size and location offer excellent visibility and accessibility, contributing to its consistent high occupancy rate of 100%. This is a turnkey investment ideal for passive income generation and long-term capital appreciation.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Blaine
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.2343
- Latitude
- 45.1387
