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Bank of America | Stillwater, MN 5990 Nova Scotia Ave N 4,225 SF Retail Building Stillwater, MN 55082 $3,680,000 ($871.01/SF) 5.30% Cap Rate
INVESTMENT HIGHLIGHTS
- Single-Tenant Bank of America with Drive-Thru ATM; Outparcel to Lowe’s Home Improvement and Shadow Anchored by Walmart Supercenter
- 10% Increases Every 5 Years; and 11% Increases in Each of the Four 5-Year Options
- This Property is Located in Oak Park Heights, Just Outside of Stillwater, a Highly Sought-After Submarket of the Twin Cities
- 15-Year Absolute NNN Ground Lease
- Ideally Located Within the Submarket’s Highest Demand Retail Corridor
- The Property is Surrounded by Many National Retailers Including Walmart, Target, Kohl’s, Menard’s, Lowe’s, ALDI, and Many Others
EXECUTIVE SUMMARY
15-Year Absolute NNN Ground Lease | 10% Increases Every 5 Years | Affluent Twin Cities Suburb; $161,000+ AHHI
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,225 SF
Building Class
C
Year Built/Renovated
2007/2025
Price
$3,680,000
Price Per SF
$871.01
Cap Rate
5.30%
NOI
$195,000
Tenancy
Single
Building Height
1 Story
Zoning
Commercial
Frontage
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Bank of America
- Finance and Insurance
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Bank of America | Finance and Insurance | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05-029-20-11-0055 | Improvements Assessment | $674,000 |
| Land Assessment | $577,600 | Total Assessment | $1,251,600 |
PROPERTY TAXES
Parcel Number
05-029-20-11-0055
Land Assessment
$577,600
Improvements Assessment
$674,000
Total Assessment
$1,251,600
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Bank of America | Stillwater, MN | 5990 Nova Scotia Ave N
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