7500 Highway 55 - Freestanding FOR SALE


$1,072,000 USD
612-227-0757
7500 Highway 55, Greenfield, MN for Sale
$1,072,000 USD
Freestanding - FOR SALE
1/5
null | 6.5% Cap Rate


HIGHLIGHTS

  • 100% leased multi-tenant retail asset with national tenants
  • Dual income stream diversifies risk across two service-oriented users
  • Subway exercised 5-year option with 3% annual increases
  • Attractive price point for investors seeking near-term yield with upside

OVERVIEW

This dual-tenant retail property in Greenfield, Minnesota, offers investors a fully occupied asset with long-term income stability. The building is 100% leased to two established, service-oriented tenants: Subway and Lake Sarah Dental. With a net lease structure, both tenants reimburse for CAM and real estate taxes, reducing landlord management responsibilities and providing a predictable revenue stream. Subway, an internationally recognized quick-service restaurant brand, recently exercised a 5-year renewal option and benefits from strong consumer traffic drawn by the surrounding retail corridor. Lake Sarah Dental is a full-service dental practice committed to ongoing care, ensuring a loyal patient base and extended tenancy through 2029 with built-in rent escalations. The property is positioned along Highway 55, a key arterial road connecting western Twin Cities suburbs to Minneapolis-St. Paul, ensuring steady commuter and local traffic flow. Located within a vibrant retail corridor, the site benefits from proximity to major employers, schools, and complementary businesses, creating a robust consumer base. Offering a 6.50% cap rate and NOI of approximately $69,671, this listing represents an attractive income-generating opportunity with minimal rollover risk and potential appreciation in a growing suburban market.

FOR SALE DETAILS

PRICE

$1,072,000 USD

PRICE/SF

$275 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,338 SF

ZONING

-

APN/PARCEL ID

28-119-24-43-0005

ASK ABOUT THIS PROPERTY

Joshua HuempfnerUpland Real Estate GroupMore Info
612-227-0757

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Joshua HuempfnerUpland Real Estate GroupMore Info
612-227-0757

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