7479 Egan Dr - Auto Repair FOR SALE


Savage, MN 55378
$1,685,500 USD
952-206-8625
7479 Egan Dr, Savage, MN for Sale
$1,685,500 USD
Auto Repair - FOR SALE
1/26
null | 6.65% Cap Rate

7479 Egan Dr
Savage, MN 55378


HIGHLIGHTS

  • Absolute NNN lease with tenant responsible for all expenses
  • 14 years remaining on base term with annual 2% rent increases
  • Bonus depreciation eligibility for enhanced tax benefits (100% on qualified property year 1)-talk to your CPA
  • Tenant is a fast-growing national brand with expansion plans
  • Located in a dense retail corridor with national co-tenants

OVERVIEW

Positioned in the thriving retail corridor of Savage, Minnesota, this NNN-leased auto service investment offers a stable, long-term income stream backed by a nationally expanding tenant. The property at 7479 Egan Drive is home to Costa Oil, a fast-growing quick-lube brand known for its 10-minute, no-appointment oil change model. With 14 years remaining on the base lease term and three five-year renewal options, investors benefit from predictable cash flow and annual 2% rent escalations through 2054. Built in 2003 and situated on nearly one acre, the 4,141 RSF building is fully operated by the tenant under an absolute triple-net lease, including responsibility for roof and structure. The site is bonus depreciation eligible, enhancing its appeal for tax-advantaged buyers. Located in a high-traffic retail hub with over 26,000 vehicles per day, the property is surrounded by national brands including Target, Walgreens, Cub Foods, and Caribou Coffee, ensuring strong consumer visibility and synergy. Costa Oil currently operates over 65 locations nationwide, with the Minnesota franchisee actively expanding. This asset offers a rare combination of passive ownership, long-term tenancy, and strategic positioning in a vibrant suburban market.

FOR SALE DETAILS

PRICE

$1,685,500 USD

PRICE/SF

$407 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

Commercial

APN/PARCEL ID

26-358-003-0

ASK ABOUT THIS PROPERTY

Benjamin DitzerEntheos Commercial Realty LLCMore Info
952-206-8625

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Benjamin DitzerEntheos Commercial Realty LLCMore Info
952-206-8625

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