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7500 Highway 55 3,899 SF 100% Leased Retail Building Greenfield, MN 55373 $1,072,000 ($274.94/SF) 6.50% Cap Rate
Investment Highlights
- 100% leased multi-tenant retail asset with national tenants
- Subway exercised 5-year option with 3% annual increases
- Dual income stream diversifies risk across two service-oriented users
- Attractive price point for investors seeking near-term yield with upside
Property Facts
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Lake Sarah Dental Pllc
- Health Care and Social Assistance
- -
- -
- Triple Net
- Oct 2017
-
- Accommodation and Food Services
- -
- -
- -
- -
Subway began in 1965 when Fred DeLuca and Peter Buck opened a submarine sandwich shop in Connecticut with a small investment and a handshake. The company grew through franchising and developed from a local sandwich shop into a global restaurant brand serving freshly made sandwiches at a value-oriented price point. Subway’s menu centers on submarine sandwiches and wraps, with additional offerings that include salads, cookies, soft drinks, and selected pizza items at some locations. The business operates through a large franchise network and maintains a significant presence across international markets while continuing to emphasize convenient, customizable meals.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Lake Sarah Dental Pllc | Health Care and Social Assistance | - | - | Triple Net | Oct 2017 | |
|
|
Accommodation and Food Services | - | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- Ground
- 1,940 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| Ground | 1,940 SF | Retail | - | Now |
Ground
| Size |
| 1,940 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Property Taxes
| Parcel Number | 28-119-24-43-0005 | Improvements Assessment | $620,000 |
| Land Assessment | $230,000 | Total Assessment | $850,000 |
Property Taxes
Presented by
7500 Highway 55
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