7800 Jolly Ln - Auto Repair FOR SALE
Brooklyn Park, MN 55445 |
$3,918,306 USD
305-395-6972
7800 Jolly Ln
Brooklyn Park, MN 55445
HIGHLIGHTS
- Corporate-guaranteed NN lease with Caliber Collision, largest collision repair chain in the U.S.
- 2% annual rent increases throughout initial term and both renewal option periods.
- Lease extends through February 2033 with two additional five-year renewal options through 2043.
- NN lease structure limits landlord responsibilities to roof, HVAC, and structural components.
- Located in Minneapolis–St. Paul MSA with 5-mile trade area of ~101,826 residents.
- Rent basis of $10.55/SF is well below market, providing strong downside protection.
FOR SALE DETAILS
PRICE
$3,918,306 USD
PRICE/SF
$989 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Caliber Collision
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1991
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
3.03 AC
LAND SF
131,987 SF
ZONING
-
APN/PARCEL ID
20-119-21-33-0012
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305-395-6972
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305-395-6972
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