7479 Egan Dr
Savage, MN 55378
Jiffy Lube Minneapolis-Reposition Opportunity · Retail Property For Sale

POSSIBLE RE-POSITIONING OPPORTUNITY • Excellent opportunity for investor or owner/operator to collect above market 10% return while strategizing / exploring new tenant or site operations • Rental payments in excess of $775,000 over the next 5 years guaranteed by largest Jiffy Lube franchise with over 525 locations • 4 bay unit with over 4141 square feet - built in 2003 on 1 acre lot in high traffic suburb of Minneapolis / St Paul INVESTMENT SUMMARY Matthews REIS is pleased to present the exclusive listing for a property located in Scott County (Minnesota’s #1 ranked county by median household income). The average household income exceeds $140,000 within a 1-mile radius of the subject property. The property consists of a total gross building area of 4,141 square feet (2,622 square feet on main level and 1,519 square feet on basement level) and is situated on approximately 1.00 acre of land. The property is subject to a 20-year Triple-Net (NNN) lease with 5 years remaining on the base term from February 2019. NOI is $156,354 with a 10% rental increase in each four, five-year renewal option. The population within this radius is projected to increase 8.66% over the next 5 years. The current 5-mile population exceeds 110,000 people.