15026 Cimmaron Ave W - Auto Repair FOR SALE


Rosemount, MN 55068
$4,393,000 USD
612-396-7723
15026 Cimmaron Ave W, Rosemount, MN for Sale
$4,393,000 USD
Auto Repair - FOR SALE
1/6
null | 5.35% Cap Rate

15026 Cimmaron Ave W
Rosemount, MN 55068


HIGHLIGHTS

  • Completely renovated building with a 20-year lease term carrying a corporate guaranty, providing long-term investment stability
  • Absolute NNN lease leaving Tenant responsible for all building obligations and providing the owner with potential depreciation benefits
  • Positioned within Rosemount's established retail trade area alongside grocery anchors like Cub Foods and Aldi, drawing consistent consumer traffic
  • Exceptional visibility with unobstructed views from 150th Street (CR-42), experiencing high traffic volume of 20,800 vehicles per day
  • Located just a quarter-mile from MN-3, the primary north-south thoroughfare serving Rosemount
  • The city of Rosemount has seen heavy growth with a 20% population increase over 5 years, ranking in the top 10 nationally for population growth

OVERVIEW

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in Les Schwab located at 15026 Cimarron Ave in Rosemount, MN. This recently renovated property features a new 20-year corporate-guaranteed lease with Les Schwab, providing exceptional long-term income stability for the investor. Les Schwab is the 4th largest independent tire dealer in the country and has a nationwide presence with 500+ locations, providing a strong credit base to the investment. The 6,344 SF building sits on 1.42 acres in the heart of Rosemount's primary retail corridor, benefiting from strong consumer traffic generated by neighboring grocery anchors including Cub Foods and Aldi. The site also benefits from its strategic location on County Road 42, providing outstanding visibility and clear exposure, while being ideally situated just a quarter-mile from MN-3, the key north-south traffic artery that serves the Rosemount area. The property is positioned within a rapidly expanding market, with Rosemount ranking in the top 10 nationally for population growth and boasting a strong consumer base featuring average household incomes of $152,517 within three miles, 31% higher than the national average. This strategic location combines exceptional demographics with proximity to Fortune 500 headquarters including 3M, Target, Best Buy, and Cargill, creating a strong employment base that drives consistent consumer demand and supports long-term retail stability within the Twin Cities Metro market. Please refer to the OM for more information on this investment opportunity.

FOR SALE DETAILS

PRICE

$4,393,000 USD

PRICE/SF

$963 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Les Schwab

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Auto Dealership, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.42 AC

LAND SF

61,855 SF

ZONING

-

APN/PARCEL ID

34-47501-01-010

ASK ABOUT THIS PROPERTY

612-396-7723

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612-396-7723

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