310 Highway St W - Storefront FOR SALE
Dodge Center, MN 55927 |
$509,682 USD
214-295-8749
310 Highway St W
Dodge Center, MN 55927
HIGHLIGHTS
- Upgraded Infrastructure: This location was fully renovated into a Napa store in 2018/2019 with a new roof, HVAC, plumbing, and electrical systems
- Below Replacement costs: Napa pays nearly 40% below market rent and is well below replacement costs for a new location
- Attractive Annual Increases: The subject property features a 9 year lease which includes rare 1.5% annual increases.
- Strong Demographics – Dodge Center offers a high average household income of over $104,400 within a 10-mile radius accounting for over 19,037 resident
- Close Proximity to Distribution Center: The subject property is located ±25 miles from the Owatonna, MN Distribution hub, ensuring inventory stock
- Limited Competition: Napa is the only corporately guaranteed auto parts retailer in Dodge Center, allowing the store to control the market.
FOR SALE DETAILS
PRICE
$509,682 USD
PRICE/SF
$151 USD /SF
CAP RATE
6.98%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment Or Owner User
BUILDING DETAILS
PROPERTY NAME
NAPA AUTO PARTS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1988
SPRINKLERS
-
PARKING SPACES
37
LAND DETAILS
LAND ACRES
1.09 AC
LAND SF
47,480 SF
ZONING
C
APN/PARCEL ID
22.126.0020
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214-295-8749
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214-295-8749
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