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O'Reilly Auto Parts 819 Frontage Rd 7,335 SF Retail Building Byron, MN 55920 $1,669,331 ($227.58/SF) 5.75% Cap Rate
Investment Highlights
- Investment Grade Credit (S&P: BBB)
- Critical Highway Visibility
- 2023 Build-to-Suit Construction
- Explosive Rochester MSA Growth
- Amazon-Resistant “Need-It-Now” Retail
Executive Summary
Northmarq is pleased to present the opportunity to acquire a premier net lease retail investment located at 819 Frontage Rd NE in Byron, MN. This 2023 build-to-suit facility is
tenanted by O'Reilly Auto Parts, offering a secure income stream backed by an investment grade corporate credit rating (S&P: BBB). With almost 12 years of firm lease term
remaining, this property represents the latest prototypical design of a dominant national retailer and is strategically positioned to capture the rapid growth of the surrounding
submarket.
The Byron asset is situated in an affluent and expanding bedroom community within the Rochester MSA, which is anchored by the world renowned Mayo Clinic. Located with
direct frontage along US Highway 14, the property benefits from exceptional visibility and a demographic profile characterized by household incomes exceeding $124,000 and
significant vehicle dependency. This location serves as a critical retail hub for a growing population, ensuring long term demand and consistent foot traffic in a recession resilient retail sector. Please contact the listing brokers for more information.
tenanted by O'Reilly Auto Parts, offering a secure income stream backed by an investment grade corporate credit rating (S&P: BBB). With almost 12 years of firm lease term
remaining, this property represents the latest prototypical design of a dominant national retailer and is strategically positioned to capture the rapid growth of the surrounding
submarket.
The Byron asset is situated in an affluent and expanding bedroom community within the Rochester MSA, which is anchored by the world renowned Mayo Clinic. Located with
direct frontage along US Highway 14, the property benefits from exceptional visibility and a demographic profile characterized by household incomes exceeding $124,000 and
significant vehicle dependency. This location serves as a critical retail hub for a growing population, ensuring long term demand and consistent foot traffic in a recession resilient retail sector. Please contact the listing brokers for more information.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
7,335 SF
Building Class
B
Year Built
2022
Price
$1,669,331
Price Per SF
$227.58
Cap Rate
5.75%
NOI
$95,987
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.94 AC
Frontage
255’ on Frontage Road
Amenities
- 24 Hour Access
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 75.33.23.069464 | Improvements Assessment | $1,018,200 |
| Land Assessment | $164,300 | Total Assessment | $1,182,500 |
Property Taxes
Parcel Number
75.33.23.069464
Land Assessment
$164,300
Improvements Assessment
$1,018,200
Total Assessment
$1,182,500
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