2610 E Lake St | Minneapolis, MN 55406
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- LoopNet Team
2610 E Lake St
Minneapolis, MN 55406
AutoZone Auto Parts | Minneapolis · Retail Property For Sale
Investment Highlights
- INVESTMENT GRADE CREDIT TENANT - Ratings: Moody’s Baa1, Fitch BBB, S&P Global BBB.
- CORPORATE GUARANTY FROM AUTOZONE, INC. - Publicly traded company, NYSE: AZO.
- COMMITMENT TO LOCATION - AutoZone has been onsite since 2011. Rebuilt the facility in 2021 and executed a 15-year lease.
- #1 PLACER.AI RANKINGS - Location ranks #1 out of 66 in Minnesota according to Placer.ai.
- LONG TERM LEASE - 15-year Original Lease with 11 years of term remaining.
- BIG BOX RETAIL TRAFFIC DRIVERS - Location is shadow anchored by major big box retail traffic drivers like Target, Cub Foods and Aldi.
Property Facts
Property Type
Retail
Property Subtype
Building Size
10,886 SF
Building Class
B
Year Built
2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.75 AC
Zoning
C3A
Parking
31 Spaces (2.85 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Property Taxes
| Parcel Number | 36-029-24-43-0060 | Improvements Assessment | $1,819,600 |
| Land Assessment | $580,400 | Total Assessment | $2,400,000 |
Property Taxes
Parcel Number
36-029-24-43-0060
Land Assessment
$580,400
Improvements Assessment
$1,819,600
Total Assessment
$2,400,000
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