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2678 149th St W 11,017 SF 100% Leased Retail Building Rosemount, MN 55068 $3,800,000 ($344.92/SF) 5.04% Cap Rate



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
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
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
|
$23.47
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$258,000
|
$23.47
|
| Taxes |
$36,368
|
$3.31
|
| Operating Expenses |
$30,000
|
$2.73
|
| Total Expenses |
$66,368
|
$6.04
|
| Net Operating Income |
$191,632
|
$17.43
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $258,000 |
| Annual Per SF | $23.47 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $258,000 |
| Annual Per SF | $23.47 |
| Taxes | |
|---|---|
| Annual | $36,368 |
| Annual Per SF | $3.31 |
| Operating Expenses | |
|---|---|
| Annual | $30,000 |
| Annual Per SF | $2.73 |
| Total Expenses | |
|---|---|
| Annual | $66,368 |
| Annual Per SF | $6.04 |
| Net Operating Income | |
|---|---|
| Annual | $191,632 |
| Annual Per SF | $17.43 |
PROPERTY FACTS
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
From humble beginnings in a Minnesota small town to many locations on all continents, relentless innovation made Anytime Fitness a household name and industry phenomena. With over 20 years of category experience, they are still growing strong and using their history to help Franchise Owners create the future they’ve always wanted. The Anytime Fitness franchise opportunity combines over 20 years of category experience with ongoing innovation and outstanding support. Create a strong financial future when people partner with them to build a business and bring wellness to the community. People will never be alone on an Anytime Fitness franchise journey — they are with people every step of the way. People will start with a week of initial training at their headquarters in Woodbury, Minnesota, then get access to an extensive library of materials for ongoing learning at their own pace.
- Salon Aurora Hair By Kattie
- Services
- -
- -
- -
Sola Salons was founded in 2004 with the dream of doing more than designing beautiful, move-in-ready salon studios. Co-founders Stratton Smith and Matt Briger set out to build a thriving community where independent beauty professionals could create a life and career they loved. They focus on what’s best for clients, so clients can focus on what’s best for their business. They provide beauty professionals with high-end, fully equipped private salon studios alongside the support and tools needed to launch a business in no time. They take pride in being the largest, fastest-growing salon studio business with a thriving community of industry-leading beauty professionals and locations nationwide. They provide a safe, inclusive space with unmatched support so their Sola pros can thrive. They have one goal in mind: to set clients up for success.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
Arts, Entertainment, and Recreation | - | - | - | ||
| Salon Aurora Hair By Kattie | Services | - | - | - | ||
|
Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 34-64850-01-010 | Total Assessment | $1,365,400 |
| Land Assessment | $329,400 | Annual Taxes | $36,368 ($3.30/SF) |
| Improvements Assessment | $1,036,000 | Tax Year | 2024 |
PROPERTY TAXES
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2678 149th St W
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