1761 County Road C - Bank FOR SALE


Roseville, MN 55113
$2,700,000 USD
612-396-7723
1761 County Road C, Roseville, MN for Sale
$2,700,000 USD
Bank - FOR SALE
1/6
null | 5% Cap Rate

1761 County Road C
Roseville, MN 55113


HIGHLIGHTS

  • Bank of America boasts an A- (S&P) credit rating, securing the investment for decades to come
  • Bank of America signed a 15 year lease with 13 years remaining and options that continue for 25 years after the initial term expires
  • The lease features 10% rent bumps every 5 years which continue through the option periods
  • The investment features a ground lease structure, leaving the Landlord with almost no responsibilities
  • The property is located in a dense retail corridor featuring national giants such as Walmart, ALDI, Dick's Sporting Goods, Best Buy, and more
  • Within a five-mile radius, the area contains over 315,000 residents and the average household income is $105,000, projected to grow nearly 2% per year

OVERVIEW

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in Bank of America located at 1761 County Rd C West in Roseville, MN. Featuring a 15-year ground lease with Bank of America and13 years of remaining term, this property provides exceptional long-term income stability and functions as an ideal passive investment. Bank of America boasts an A- credit rating (S&P) and serves millions of clients nationwide, providing a strong credit base to the investment. The 4,100 SF building sits on 1.62 acres in Roseville's primary retail corridor, benefiting from strong consumer traffic generated by national giants such as Walmart, Aldi, Dick's Sporting Goods, and Best Buy. The site also benefits from its strategic location on County Road C West, providing outstanding visibility and clear exposure, while being ideally situated just a half-mile from I-35W, the key north-south traffic artery that serves the Roseville area. The property is positioned within a rapidly expanding market serving nearly 315,000 residents with strong average household incomes of $105,000 within a five-mile radius. Located just 15 minutes from the downtowns of both Minneapolis and Saint Paul, this Bank of America benefits from exceptional demographics and proximity to major Fortune 500 headquarters. Companies including 3M, Target, Best Buy, and Cargill create 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

$2,700,000 USD

PRICE/SF

$659 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Bank Of America

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.62 AC

LAND SF

70,567 SF

ZONING

-

APN/PARCEL ID

04-29-23-43-0022

ASK ABOUT THIS PROPERTY

612-396-7723

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612-396-7723

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