4020 Silver Lake Rd
Saint Anthony, MN 55421
Goodyear in St. Anthony, MN 7% CAP · Retail Property For Sale
Property Facts
Amenities
- Bus Line
- Signage
About 4020 SILVER LAKE RD , SAINT ANTHONY, MN 55421
Goodyear Tire Store in St. Anthony, MN - Free standing building on over an acre. 1) This Tire store is in a great neighborhood in the same block as Silver Lake Shopping Center which includes a Walgreens, Chipotle, Game Stop, Cub Foods market, Cold Stone Creamery, Smash Burger, and more. 2) Corporate Lease - Goodyear Corporation. 3) Increasing Income - This lease increases 5% in every 5 years option period starting in 1/1/2020 (as set forth in the lease). i. Current: $80,564/year NOI, 7.0 CAP ii. 1/1/2020: $84,592/year NOI, 7.4 CAP iii. 1/1/2025: $88,822/year, NOI, 7.7 CAP iv. 1/1/2030, $93,263/year, NOI, 8.1 CAP 4) 43 years at the same location for indicating solid sales performance (not available, sorry;) Call 310-623-7501 and ask for Phil for details.
Property Taxes
| Parcel Number | 31-30-23-31-0023 | Improvements Assessment | $967,400 |
| Land Assessment | $313,100 | Total Assessment | $1,280,500 |
Property Taxes
