1101-1109 COUNTY HWY 10 NE | SPRING LAKE PARK, MN 55432

SPRING LAKE PARK AUTO MALL

For further information contact owner’s exclusive representative

Mark Robinson, CCIM(952) 563-6664mrobinson@midamericagrp.com

59,00

0 VPD

Central Ave NE | 41,000 VPD

Coun

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18,10

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31,000 VPD

37,500 VPD

22,500 VPD

County Hwy 1

0 | 12,400 VPD

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PROPERTY OVERVIEW

BUILDING SIZE (GLA): 11,480 SF

SITE SIZE: 1.62 Acres

YEAR BUILT: 1995

ROOF: Built-Up Roof System

ZONING: C-2 Neighborhood & Service Commercial

PROPERTY IDENTIFICATION NUMBER: 01-30-24-22-0138 TENANTS: CarX Tire & Auto Batteries + Bulbs Perfect 10 Detail Shop OCCUPANCY: 85.41%

IN-PLACE YEAR 1 NOI: $127,703

STABILIZED NOI*: $181,888

PURCHASE PRICE: $1,695,000

CAP RATE: 7.53%

* Assumes 95% occupancy in year 2 and Perfect 10 Detail Shop at a market rate rent of $12 p.s.f

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