23705 NE Highway 65 - Service Station FOR SALE


Bethel, MN 55005
$1,775,000 USD
612-413-4200
23705 NE Highway 65, Bethel, MN for Sale
$1,775,000 USD
Service Station - FOR SALE
1/4
null | 6.76% Cap Rate

23705 NE Highway 65
Bethel, MN 55005


HIGHLIGHTS

  • Absolute NNN Lease
  • High-Visibility Corner Location
  • Adjacent Park-and-Ride Access
  • Strong Market Fundamentals
  • Growing Twin Cities Bedroom Community
  • Essential Service Retail

OVERVIEW

Absolute NNN Lease - Secured by a new 15-Year NNN lease with 2% annual rent increases. High-Visibility Corner Location - Positioned on a prominent corner lot with multiple points of access and exceptional visibility along Highway 65, a heavily traveled commuter corridor with traffic counts exceeding 21,000 vehicles per day. Prime Highway 65 Frontage - Located directly along Highway 65, a major north–south arterial that connects the Twin Cities metro to the northern suburbs. Adjacent Park-and-Ride Access - Located next to a park-and-ride facility, providing consistent daily traffic and commuter exposure. Strong Market Fundamentals - Benefiting from tight vacancy conditions, with approximately 2.7% vacancy in the Minneapolis market and 2.9% vacancy in the Coon Rapids submarket, supporting long-term stability. Growing Twin Cities Bedroom Community - Located approximately 30 miles north of Minneapolis, East Bethel serves as an established and growing bedroom community for the Twin Cities, supported by steady residential growth and strong household demographics. Essential Service Retail - Gas stations remain recession-resistant assets and a critical part of the retail landscape, bolstering long-term viability. This location has limited competition and provides shopping options for essential items.

FOR SALE DETAILS

PRICE

$1,775,000 USD

PRICE/SF

$495 USD /SF

CAP RATE

6.76%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BP & Subway | East Bethel, MN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,757 SF

ZONING

-

APN/PARCEL ID

29-34-23-43-0014

ASK ABOUT THIS PROPERTY

Brian BriskyBrisky Net LeaseMore Info
612-413-4200

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Brian BriskyBrisky Net LeaseMore Info
612-413-4200

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