4561 Lake Ave - Auto Repair FOR SALE


White Bear Lake, MN 55110
$1,200,000 USD
952-270-8363
4561 Lake Ave, White Bear Lake, MN for Sale
$1,200,000 USD
Auto Repair - FOR SALE
1/5
null | 7.15% Cap Rate

4561 Lake Ave
White Bear Lake, MN 55110


HIGHLIGHTS

  • CORPORATE GUARANTEE Absolute NNN lease — zero landlord responsibilities corporate guarantee from one of America's largest automotive service platforms
  • Scheduled 10% rent increase in 2026 followed by 2% annual bumps through all option periods — built-in NOI growth above the sector norm.
  • Premier lakefront suburb on a high-traffic arterial in the Minneapolis–St. Paul MSA — one of the Midwest's most stable and income-rich consumer market

OVERVIEW

Entheos Commercial Real Estate presents a single-tenant, absolute NNN investment at 4561 Lake Avenue in White Bear Lake, Minnesota — a nationally franchised Grease Monkey automotive quick-lube facility offered at $1,200,000, representing a 7.15% cap rate on post-2026 NOI. LEASE & INCOME STRUCTURE The property is 100% occupied by Grease Monkey under an absolute triple-net lease with zero landlord responsibilities — tenant covers property taxes, insurance, and all maintenance. The lease carries a corporate guarantee from Full Speed Automotive, one of the largest automotive service platforms in the United States with nearly 1,000 locations nationwide. A scheduled 10% rent increase takes effect in 2026, producing an $85,800 annual NOI ($7,150/month), followed by 2% annual bumps through all option periods — delivering structured NOI growth materially above the flat-rent NNN norm. TENANT QUALITY Full Speed Automotive / Grease Monkey is a nationally scaled, recession-resilient business providing non-discretionary vehicle maintenance services. Automotive upkeep is demand-inelastic — consumers continue oil changes and fluid services regardless of economic conditions. This behavioral consistency produces predictable unit economics and durable franchisee performance at established locations like White Bear Lake. LOCATION & MARKET The property sits on Lake Avenue, the primary commercial arterial in White Bear Lake, with daily traffic counts exceeding 18,000 vehicles. White Bear Lake is a premier Twin Cities suburb — median household incomes above $72,000, high homeownership rates, and above-average vehicles per household — all structural demand drivers for quick-lube services. The property is positioned within the Minneapolis–St. Paul MSA, a top-15 U.S. metro with a diversified, Fortune 500-anchored economy. TAX ADVANTAGE This property may qualify for significant bonus depreciation via cost segregation. Automotive service facilities are well-suited for component reclassification — equipment, lifts, and site improvements often qualify for 5- to 15-year accelerated treatment. Buyers should consult their tax advisor regarding eligibility and potential impact on after-tax yield. OFFERING TERMS Asking Price: $1,200,000 | Annual NOI: $85,800 | Cap Rate: 7.15% | Building: 4,736 SF | Lease: Absolute NNN | Guarantee: Corporate. Lease abstract and rent schedule provided upon LOI execution. Full due diligence package released upon APA execution. Broker is also the owner — disclosed per applicable licensing requirements. Contact: Curtis Romano | Entheos Commercial Real Estate | 952-270-8363 | curtis@entheoscommercial.com

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$253 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grease Monkey

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Auto Dealership, Service Station, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

-

APN/PARCEL ID

14-30-22-43-0134

ASK ABOUT THIS PROPERTY

Curtis RomanoEntheos Commercial Realty LLCMore Info
952-270-8363

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Curtis RomanoEntheos Commercial Realty LLCMore Info
952-270-8363

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