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1246 Robert St S
Saint Paul, MN 55118
Jiffy Lube · Retail Property For Sale
PROPERTY FACTS
ABOUT 1246 ROBERT ST S , SAINT PAUL, MN 55118
INVESTMENT HIGHLIGHTS -Recently extended 7-year lease showing long-term tenant commitment to the location -No further tenant options to renew – providing Buyer the opportunity to renegotiate the lease on their own terms after the expiration. -Absolute NNN Lease – ideal investment for 1031 exchange Buyers looking for passivity of income -Strong Guarantor - Team Car Care is the largest operator within the Jiffy Lube system with +535 locations LOCATION HIGHLIGHTS -Located on a signalized hard corner in a dense trade area with many national retailers in the immediate area -Dense infill location - St. Paul is the second largest city in the state with over 275,000 people in a 5-Mile radius -Strong traffic counts of over 20,000 VPD on the intersection of Moreland Ave & S Robert St -Attractive Potential Tax Benefits - Auto service-based assets may be eligible for an accelerated depreciation schedule **Consult your accountant or tax professional to see how this will apply to you.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $327,900 | |
| Land Assessment | $246,800 | Total Assessment | $574,700 |
PROPERTY TAXES
