25945 Gateway Dr, Zimmerman, MN 55398
- Retail space
- 15,506 SF
- 4.47 lot acres
Current Use by Public Records
- Anoshirvan Mazhari, MD / Physician
- O'Reilly auto parts / Auto Parts Store
- Dollar Store / Department Store / Grocery & Convenience Store
- Dr. Sujatha Roberts, MD / Physician
- Emily Luitjens / Pediatrician / Physician
Property Details for 25945 Gateway Dr
- Year built
- 2000
- Lot size
- 4.47 lot acres
- Property type
- Retail space
- Property subtype
- Storefront properties
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 2, 2022 | $3,500,000 | Zimmerman Ventures LLC | Java Zimmerman Regail LLC | Deed | $2M · Spire Cu |
| Dec 27, 2021 | $1,220,000 | Java Zimmerman Retail LLC | Fairview Health Services | Deed | $2.7M · First Bank & Trust |
Description
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Zimmerman
- County
- Sherburne
- State
- Minnesota
- Longitude
- -93.5848737
- Latitude
- 45.4413099
