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9565 Zachary Ln N
Maple Grove, MN 55369
Christian Brothers Auto · Retail Property For Sale
Investment Highlights
- Over 9 Years Remaining | Options To Extend | Annual Rental Increases
- Signalized, Hard Corner Intersection | Highway 169 (75,300 VPD) | Dense Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• The subject property is located near the intersection of Zachary Ln N and State Highway 610, which combine to average more than 19,900 vehicles passing by daily
• Approximately 1.5 miles from Highway 169, which sees over 75,300 VPD
• The asset is located in a primary retail corridor with other national/credit tenants including The Home Depot, Target, LA Fitness, Chick-fil-A, Raising Cane’s, Dunkin’, and more
• Strong tenant synergy promotes crossover shopping to the subject property
• Approximately 1.5 miles from Highway 169, which sees over 75,300 VPD
• The asset is located in a primary retail corridor with other national/credit tenants including The Home Depot, Target, LA Fitness, Chick-fil-A, Raising Cane’s, Dunkin’, and more
• Strong tenant synergy promotes crossover shopping to the subject property
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,567 SF
Building Class
B
Year Built
2019
Price
$3,625,000
Price Per SF
$651.16
Cap Rate
6.25%
NOI
$226,548
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.42 AC
Zoning
PUD - Planned Unit Development
Parking
48 Spaces (8.62 Spaces per 1,000 SF Leased)
Frontage
314’ on Zachary LN N
Property Taxes
| Parcel Number | 11-119-22-41-0016 | Improvements Assessment | $657,000 |
| Land Assessment | $551,700 | Total Assessment | $1,208,700 |
Property Taxes
Parcel Number
11-119-22-41-0016
Land Assessment
$551,700
Improvements Assessment
$657,000
Total Assessment
$1,208,700
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