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2678 149th St W 11,017 SF 100% Leased Retail Building Rosemount, MN 55068 $3,400,000 ($308.61/SF) 5.46% 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
$3,400,000
Price Per SF
$308.61
Cap Rate
5.46%
NOI
$185,677
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
  • -
  • -
  • -

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
  • -
  • -
  • -
  • Services
  • -
  • -
  • -

Sola Salon Studios is a privately held company that provides independent beauty professionals with fully equipped private salon studios. Founded in 2004 by Stratton Smith and Matt Briger, the company developed a model allowing licensed beauty practitioners to operate their own studios within shared commercial facilities. Sola offers customizable workspaces designed for hair, skincare, and related services, along with operational support resources aimed at helping professionals manage their businesses. Over time, the company has expanded its presence across the United States and Canada through a franchise structure. Sola has noted several milestones in its development, including the launch of a franchise model in 2005 and continued growth supported by strategic investments and partnerships.

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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