5428 260th St - Warehouse FOR SALE


$1,353,521 USD
203-253-9455
5428 260th St, Wyoming, MN for Sale
$1,353,521 USD
Warehouse - FOR SALE
1/3
null | 8% Cap Rate


HIGHLIGHTS

  • Strong Demographics | Affluent Community
  • Proximity to Downtown Minneapolis
  • Strong Traffic Counts
  • Located in a Dense Pocket of Automotive Service Businesses

OVERVIEW

Surmount is pleased to present the exclusive multi-tenant listing for Victory Auto Service & Glass located at 5428 260th Street in Wyoming, Minnesota. The property comprises approximately 8,400 rentable square feet situated on an estimated 1.57-acre parcel. Victory Auto occupies 6,000 square feet of the site under a 10-year double-net (NN) lease that commenced on March 21, 2023, with over seven years of term remaining. Two additional tenants, NES Building Solutions and KACE Small Engine, are subject to original 2-year lease terms beginning August 1, 2024, and October 1, 2024, respectively. Victory Auto’s current annual rent is $59,213 with scheduled 1.00% annual increases. The combined net operating income across all three tenants totals $108,282.

FOR SALE DETAILS

PRICE

$1,353,521 USD

PRICE/SF

$161 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Victory Auto

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

3

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.57

LAND SF

68,389

ZONING

I

APN/PARCEL ID

21-00589-28

ASK ABOUT THIS PROPERTY

Edward OtockaSurmountMore Info
203-253-9455

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Edward OtockaSurmountMore Info
203-253-9455

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