13360 Grove Dr
Maple Grove, MN 55369
Maple Grove Auto Mall · Retail Property For Sale

This 3 tenant center includes an 8,919 square foot car wash that is included in the sale for a new owner to operate as a business or lease to a new tenant. Two existing tenants, Precision Tune Auto Care and Safelite Auto Glass have a long history at the center and will provide a new owner/operator a stream of cash flow which will increase investment yield as well as assist in finding attractive financing options. At $104 per square foot, the auto mall is priced significantly under the replacement value if a buyer were to build from the ground up. This offers a buyer the opportunity to have a low basis in the property and increase value and equity over time. The property has a number of opportunities to create additional value for a new owner. An owner/operator has the opportunity to professionally manage and market the car wash and increase sale revenues to increase returns and value. Alternatively, an investor has the opportunity to either backfill the car wash with a new tenant and extend the existing tenant leases to create value or reposition/redevelop the center entirely over time given it' s premium retail location. The center is located along the main retail corridor in the thriving Maple Grove trade area and is shadow anchored by many national and local retailers including Cub Foods, the leading grocer in Minnesota. The center is adjacent to three lit intersections with the intersection of Weaver Lake Road and Elm Creek Boulevard having combined traffic counts over 48,000 vehicles per day.