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2678 149th St W 11,017 SF 100% Leased Retail Building Rosemount, MN 55068 $3,250,000 ($295.00/SF) 5.89% Cap Rate

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Investment Highlights

  • 100% Leased with Two National Tenants
  • Anytime Fitness with 7 years remaining on lease
  • Fully Equipped Salons with One owner/Tenant for all 19 Individual Salons

Executive Summary

Great 1031 Exchange Property- 100% Occupied
Rosemount has tremendous development with Corp. Clients like Meta, U Mor Park,
Built in 2015, Excellent Condition
Two National Tenants - Anytime Fitness with 7 years remaining on Lease
BOTH are NNN Lease
Sola Salons has one owner with 19 fully equipped salons; 2-3 Year old HVAC System for tenant
Tenants have individual remodeling in 2022 & 2025
64 Parking Spaces

Financial Summary (Actual - 2024)

Annual Annual Per SF
Gross Rental Income $258,000 $23.42
Other Income - -
Vacancy Loss - -
Effective Gross Income $258,000 $23.42
Taxes $36,368 $3.30
Operating Expenses $30,000 $2.72
Total Expenses $66,368 $6.02
Net Operating Income $191,632 $17.39

Financial Summary (Actual - 2024)

Gross Rental Income
Annual $258,000
Annual Per SF $23.42
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $258,000
Annual Per SF $23.42
Taxes
Annual $36,368
Annual Per SF $3.30
Operating Expenses
Annual $30,000
Annual Per SF $2.72
Total Expenses
Annual $66,368
Annual Per SF $6.02
Net Operating Income
Annual $191,632
Annual Per SF $17.39

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,017 SF
Year Built
2015
Price
$3,250,000
Price Per SF
$295.00
Cap Rate
5.89%
NOI
$191,572
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
1.09 AC
Zoning
Commercial Preferred - B-2 Employment District
Parking
64 Spaces (5.81 Spaces per 1,000 SF Leased)
Frontage
128’ on 149th St

Amenities

  • Signage

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Arts, Entertainment, and Recreation
  • -
  • -
  • -

Anytime Fitness is a global fitness franchise headquartered in Woodbury, Minnesota, and was founded in 2002. The company operates under Self Esteem Brands, its parent organization, which later merged with Orangetheory Fitness to form Purpose Brands. Anytime Fitness was established to provide members round-the-clock gym access through compact, convenience-focused fitness centers. Its franchising model accelerated rapid expansion and helped position it as a major international fitness brand. Over the years, Anytime Fitness has developed a significant global footprint supported by accessible membership options and consistent gym formats. The organization maintains a privately held structure under its parent company and continues to build on its original mission of providing accessible fitness solutions. Notable milestones include its large-scale international growth and the strategic merger that created a broader wellness-focused holding company.

  • Salon Aurora Hair By Kattie
  • Services
  • -
  • -
  • -
  • Services
  • -
  • -
  • -

Sola Salons is a privately held company that specializes in providing fully equipped, private salon suites for independent beauty professionals. Founded in2004, the company was established to offer hairstylists, estheticians, and other beauty practitioners an alternative to traditional salon employment by enabling them to operate their own businesses in a supportive environment. Headquartered in Lakewood, Colorado, Sola Salons has expanded its presence across the United States and Canada, including multiple locations in the San Diego region. The company’s model emphasizes flexibility and autonomy, allowing professionals to customize their suites and manage their schedules while benefiting from shared amenities and operational support. Over the years, Sola Salons has grown into a recognized brand in the salon suite rental industry, serving thousands of independent entrepreneurs.

Tenant Industry SF Occupied Rent/SF Lease End
Arts, Entertainment, and Recreation - - -
Salon Aurora Hair By Kattie Services - - -
Services - - -

Nearby Major Retailers

Starbucks
Noodles & Company
CrossFit

Property Taxes

Property Taxes

Parcel Number
34-64850-01-010
Land Assessment
$329,400
Improvements Assessment
$1,036,000
Total Assessment
$1,365,400
Annual Taxes
$36,368 ($3.30/SF)
Tax Year
2024
  • Listing ID: 38658871

  • Date on Market: 12/4/2025

  • Last Updated:

  • Address: 2678 149th St W, Rosemount, MN 55068

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