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Bank Of America 1761 County Road C 4,100 SF Retail Building Roseville, MN 55113 $2,700,000 ($658.54/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Bank of America boasts an A- (S&P) credit rating, securing the investment for decades to come
- The lease features 10% rent bumps every 5 years which continue through the option periods
- The property is located in a dense retail corridor featuring national giants such as Walmart, ALDI, Dick's Sporting Goods, Best Buy, and more
- Bank of America signed a 15 year lease with 13 years remaining and options that continue for 25 years after the initial term expires
- The investment features a ground lease structure, leaving the Landlord with almost no responsibilities
- Within a five-mile radius, the area contains over 315,000 residents and the average household income is $105,000, projected to grow nearly 2% per year
EXECUTIVE SUMMARY
Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in Bank of America located at 1761 County Rd C West in Roseville, MN. Featuring a 15-year ground lease with Bank of America and13 years of remaining term, this property provides exceptional long-term income stability and functions as an ideal passive investment.
Bank of America boasts an A- credit rating (S&P) and serves millions of clients nationwide, providing a strong credit base to the investment. The 4,100 SF building sits on 1.62 acres in Roseville's primary retail corridor, benefiting from strong consumer traffic generated by national giants such as Walmart, Aldi, Dick's Sporting Goods, and Best Buy. The site also benefits from its strategic location on County Road C West, providing outstanding visibility and clear exposure, while being ideally situated just a half-mile from I-35W, the key north-south traffic artery that serves the Roseville area.
The property is positioned within a rapidly expanding market serving nearly 315,000 residents with strong average household incomes of $105,000 within a five-mile radius. Located just 15 minutes from the downtowns of both Minneapolis and Saint Paul, this Bank of America benefits from exceptional demographics and proximity to major Fortune 500 headquarters. Companies including 3M, Target, Best Buy, and Cargill create a strong employment base that drives consistent consumer demand and supports long-term retail stability within the Twin Cities Metro market.
Please refer to the OM for more information on this investment opportunity.
Bank of America boasts an A- credit rating (S&P) and serves millions of clients nationwide, providing a strong credit base to the investment. The 4,100 SF building sits on 1.62 acres in Roseville's primary retail corridor, benefiting from strong consumer traffic generated by national giants such as Walmart, Aldi, Dick's Sporting Goods, and Best Buy. The site also benefits from its strategic location on County Road C West, providing outstanding visibility and clear exposure, while being ideally situated just a half-mile from I-35W, the key north-south traffic artery that serves the Roseville area.
The property is positioned within a rapidly expanding market serving nearly 315,000 residents with strong average household incomes of $105,000 within a five-mile radius. Located just 15 minutes from the downtowns of both Minneapolis and Saint Paul, this Bank of America benefits from exceptional demographics and proximity to major Fortune 500 headquarters. Companies including 3M, Target, Best Buy, and Cargill create a strong employment base that drives consistent consumer demand and supports long-term retail stability within the Twin Cities Metro market.
Please refer to the OM for more information on this investment opportunity.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
4,100 SF
Building Class
B
Year Built
2022
Price
$2,700,000
Price Per SF
$658.54
Cap Rate
5%
NOI
$135,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.62 AC
AMENITIES
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 04-29-23-43-0022 | Improvements Assessment | $1,689,700 |
| Land Assessment | $821,800 | Total Assessment | $2,511,500 |
PROPERTY TAXES
Parcel Number
04-29-23-43-0022
Land Assessment
$821,800
Improvements Assessment
$1,689,700
Total Assessment
$2,511,500
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Bank Of America | 1761 County Road C
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