Log In/Sign Up
Your email has been sent.
5428 260th St
Wyoming, MN 55092
Multi-Tenant Offering · Industrial Property For Sale
Investment Highlights
- Corporate Guarantee from Straightaway Tire & Auto (85+ Units)
- Strong Demographics | Affluent Community
- Recent Lease Extensions from All-Three Tenants
- Proximity to Downtown Minneapolis
Executive Summary
Surmount is pleased to present the exclusive multi-tenant listing for Straightaway Auto (Branded as Victory Auto) located at 5428 260th Street in Wyoming, Minnesota. The property comprises approximately 8,400 rentable square feet situated on an estimated 1.57-acre parcel. Victory Auto occupies 6,000 square feet of the site under a 20-year Triple Net (NNN) lease that commenced on March 21, 2023, with over sixteen years of term remaining. Two additional tenants, NES Building Solutions and KACE Small Engine, are subject to original 2-year lease terms beginning August 1, 2024, and October 1, 2024, respectively. Both tenant’s have recently signed a one-year extension, demonstrating further commitment to the location. Victory Auto’s current annual rent is $59,213 with varying annual increases, reaching 3.00% by 2032. The combined net operating income across all three tenants totals $109,602.
Property Facts
| Sale Type | Investment NNN | Lot Size | 1.57 AC |
| Cap Rate | 7.27% | Rentable Building Area | 8,400 SF |
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Warehouse | Year Built | 2002 |
| Building Class | C | No. Drive In / Grade-Level Doors | 3 |
| Zoning | I | ||
| Sale Type | Investment NNN |
| Cap Rate | 7.27% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.57 AC |
| Rentable Building Area | 8,400 SF |
| No. Stories | 1 |
| Year Built | 2002 |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | I |
Amenities
- Signage
Property Taxes
| Parcel Number | 21-00589-28 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $672,600 |
Property Taxes
Parcel Number
21-00589-28
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$672,600
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
