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BP & Subway | East Bethel, MN 23705 NE Highway 65 3,585 SF Retail Building Bethel, MN 55005 $1,775,000 ($495.12/SF) 6.76% Cap Rate
Investment Highlights
- Absolute NNN Lease
- Adjacent Park-and-Ride Access
- Growing Twin Cities Bedroom Community
- High-Visibility Corner Location
- Strong Market Fundamentals
- Essential Service Retail
Executive Summary
Absolute NNN Lease -
Secured by a new 15-Year NNN lease with 2% annual rent increases.
High-Visibility Corner Location -
Positioned on a prominent corner lot with multiple points of access and exceptional visibility along Highway 65, a heavily traveled commuter corridor with traffic counts exceeding 21,000 vehicles per day.
Prime Highway 65 Frontage -
Located directly along Highway 65, a major north–south arterial that connects the Twin Cities metro to the northern suburbs.
Adjacent Park-and-Ride Access -
Located next to a park-and-ride facility, providing consistent daily traffic and commuter exposure.
Strong Market Fundamentals -
Benefiting from tight vacancy conditions, with approximately 2.7% vacancy in the Minneapolis market and 2.9% vacancy in the Coon Rapids submarket, supporting long-term stability.
Growing Twin Cities Bedroom Community -
Located approximately 30 miles north of Minneapolis, East Bethel serves as an established and growing bedroom community for the Twin Cities, supported by steady residential growth and strong household demographics.
Essential Service Retail -
Gas stations remain recession-resistant assets and a critical part of the retail landscape, bolstering long-term viability. This location has limited competition and provides shopping options for essential items.
Secured by a new 15-Year NNN lease with 2% annual rent increases.
High-Visibility Corner Location -
Positioned on a prominent corner lot with multiple points of access and exceptional visibility along Highway 65, a heavily traveled commuter corridor with traffic counts exceeding 21,000 vehicles per day.
Prime Highway 65 Frontage -
Located directly along Highway 65, a major north–south arterial that connects the Twin Cities metro to the northern suburbs.
Adjacent Park-and-Ride Access -
Located next to a park-and-ride facility, providing consistent daily traffic and commuter exposure.
Strong Market Fundamentals -
Benefiting from tight vacancy conditions, with approximately 2.7% vacancy in the Minneapolis market and 2.9% vacancy in the Coon Rapids submarket, supporting long-term stability.
Growing Twin Cities Bedroom Community -
Located approximately 30 miles north of Minneapolis, East Bethel serves as an established and growing bedroom community for the Twin Cities, supported by steady residential growth and strong household demographics.
Essential Service Retail -
Gas stations remain recession-resistant assets and a critical part of the retail landscape, bolstering long-term viability. This location has limited competition and provides shopping options for essential items.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,585 SF
Building Class
C
Year Built
1996
Price
$1,775,000
Price Per SF
$495.12
Cap Rate
6.76%
NOI
$120,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.28 AC
Parking
20 Spaces (5.58 Spaces per 1,000 SF Leased)
Frontage
316’ on NE Highway 65
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 29-34-23-43-0014 | Improvements Assessment | $617,700 |
| Land Assessment | $133,700 | Total Assessment | $751,400 |
Property Taxes
Parcel Number
29-34-23-43-0014
Land Assessment
$133,700
Improvements Assessment
$617,700
Total Assessment
$751,400
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BP & Subway | East Bethel, MN | 23705 NE Highway 65