Asking Price
Area Size
NOI Net Operating Income
Cap Rate

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 1997
Building Area Gross
Occupancy 100.0 %

Property description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the fee-simple interest in a Grease Monkey located in the Stillwater, Minnesota, which is within the Minneapolis-St.Paul MSA. The investment features a 15 year absolute net lease with a tenant that has nearly 50 years of operational history and a strong national and international presence. The property is ideally situated on a retail corridor, visible from Stillwater Blvd, the main north-south roadway in the city. This triple net investment presents a unique opportunity to obtain steady, reliable cash flows while having minimal landlord responsibilities.

Investment highlights

SINGLE-TENANT ABSOLUTE NET LEASE WITH ALMOST 15 YEARS REMAINING

This absolute triple net lease obligates the tenant to pay for all expenses involving the property including reimbursement for capital expenditures


WELL POSITIONED OFF OF STILLWATER BLVD & MINNESSOTA STATE HIGHWAY 36

Stillwater Blvd and MN-36 serve over 14,000 and 37,000 vehicles per day, respectively. MN-36 is the primary roadway linking Stillwater with the Twin Cities metro


RESPECTED BRAND WITH HISTORY OF SUCCESS

Grease Monkey has a history of nearly 50 years of operational success and a strong national presence with over 700 locations and an international presence in 5 foreign countries


DENSE RETAIL CORRIDOR

The site is located on a retail corridor running parallel to the Stillwater Blvd. The property is walking distance from Stillwater Marketplace, which hosts retail giants such as Cub Foods, Target, Dollar Tree, Petco, and CVS.


STRONG DEMOGRAPHICS

The average household income within a five mile radius is over $141,000, 22% higher than the national average


METROPOLITAN SUPPORT

The property is located within the Minneapolis-St. Paul MSA just 20 minutes from St. Paul’s CBD

Last Updated Date: 11 Aug 2022

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Last Updated Date: 11 Aug 2022

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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