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Tire Xpress | Minneapolis 7501 N Brooklyn Blvd 2,200 SF Retail Building Minneapolis, MN 55443 $800,000 ($363.64/SF) 7.91% Cap Rate
Executive Summary
New Five-Year Lease
Tenant recently acquired this business and executed a new five-year lease.
High Residential Density
The property is situated within a densely populated trade area, with more than 450,000 residents residing within a five-mile radius.
Highly Traveled Retail Corridor
Located along the Brooklyn Blvd retail corridor, the property benefits from strong traffic counts and proximity to national big-box retailers, restaurants, and service-oriented businesses that drive consistent consumer activity to the area.
Established Automotive Use
The site has operated as a tire and automotive repair facility for the past 40+ years, demonstrating a long-standing
and proven use at this location.
Attractive Price Point
An ideal acquisition opportunity for investors seeking to complete smaller 1031 exchanges or deploy capital to offset
boot. Priced significantly below replacement cost.
NN Lease Structure
The property is leased on a NN basis, offering limited landlord responsibilities.
Tenant recently acquired this business and executed a new five-year lease.
High Residential Density
The property is situated within a densely populated trade area, with more than 450,000 residents residing within a five-mile radius.
Highly Traveled Retail Corridor
Located along the Brooklyn Blvd retail corridor, the property benefits from strong traffic counts and proximity to national big-box retailers, restaurants, and service-oriented businesses that drive consistent consumer activity to the area.
Established Automotive Use
The site has operated as a tire and automotive repair facility for the past 40+ years, demonstrating a long-standing
and proven use at this location.
Attractive Price Point
An ideal acquisition opportunity for investors seeking to complete smaller 1031 exchanges or deploy capital to offset
boot. Priced significantly below replacement cost.
NN Lease Structure
The property is leased on a NN basis, offering limited landlord responsibilities.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,200 SF
Building Class
B
Year Built
1969
Price
$800,000
Price Per SF
$363.64
Cap Rate
7.91%
NOI
$63,280
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.30 AC
Opportunity Zone
Yes
Zoning
C
Parking
15 Spaces (6.82 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 28-119-21-13-0020 | Improvements Assessment | $265,900 |
| Land Assessment | $96,100 | Total Assessment | $362,000 |
Property Taxes
Parcel Number
28-119-21-13-0020
Land Assessment
$96,100
Improvements Assessment
$265,900
Total Assessment
$362,000
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Tire Xpress | Minneapolis | 7501 N Brooklyn Blvd
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