2128 Rice St - Retail FOR SALE


Saint Paul, MN 55113
$2,200,003 USD
203-253-9455
2128 Rice St, Saint Paul, MN for Sale
$2,200,003 USD
Retail - FOR SALE
1/3
null | 8% Cap Rate

2128 Rice St
Saint Paul, MN 55113


HIGHLIGHTS

  • Proximity to Downtown Minneapolis and St Paul
  • Premier Visibility on a Busy Thoroughfare
  • Dense Retail Corridor | Outparcel to a Big-Box Super Market
  • Highly Academic Region

OVERVIEW

Surmount is pleased to present the exclusive multi-tenant listing for Victory Auto located at 2128 Rice Street in Saint Paul, Minnesota. The property consists of approximately 9,400 rentable square feet situated on an estimated 0.71-acre parcel. Victory Auto leased the property under a 10-year double-net (NN) lease that commenced on March 21, 2023. Prime Detailing recently executed a 5-year lease beginning February 1, 2026, while the third tenant is subject to a 2-year base lease term. Victory Auto currently pays $105,478 in rent with scheduled 1.00% annual increases, Prime Detailing pays $39,600 with 3.00% annual increases, and the third tenant has an annual net operating income of $30,922 with a scheduled 3.00% increase in month 13. The combined annual net operating income across all three tenants totals $176,000.

FOR SALE DETAILS

PRICE

$2,200,003 USD

PRICE/SF

$234 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Victory Auto

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

-

APN/PARCEL ID

18-29-22-22-0011

ASK ABOUT THIS PROPERTY

Edward OtockaSurmountMore Info
203-253-9455

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Edward OtockaSurmountMore Info
203-253-9455

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.