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Advance Auto Parts

$468,300

210 Oak St, Farmington, MN 55024

Active
Last Updated: 02/26/2025

6

Cap Rate

28,100

NOI

Details:
Cap Rate:    6%
NOI:    $28,100
Building Size:    6,050 sqft
Lot Area:    0.21 acres
Occupancy:    100%
Highlights:
  • Single Tenant Advance Auto Parts Minneapolis-St. Paul Metropolitan Area
  • Double "NN" Net Lease Structure - Minimal Landlord Responsibilities
  • One Five Year Option Remaining w/ Rental Increase
  • Location Has Long Standing Operating History As Auto Parts Store - Over 30 Years
  • Attractive Small Price Point Deal | Low Cost of Occupancy
  • Investment Grade Tenant | Advance Auto Parts - S&P BBB- & Moody's Baa2
  • Minimal Market Competition | Excellent Demographics For Auto Parts Store | Growing Downtown Farmington, MN Location
  • Farmington, MN Offers Convenient Access To Downtown Minneapolis & St. Paul
Description:

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Farmington, MN is ideally situated just outside the "Twin Cities" the area's two largest cities, Minneapolis and Saint Paul. Easy access to the freeway makes this growing community a commuter’s dream, and a place you’ll love. Farmington is the youngest community in Dakota County with a growing population of over 23,300 residents. Farmington is a welcoming and desirable community for families and businesses. With innovative schools and a wide variety of parks, open spaces and an extensive trail system. The HEART of Farmington, Historic Downtown has 15 different eateries to choose from within a 6 block walk-able stretch. Walk around and enjoy the delicious food and drink the district has to offer. Historic Downtown is undoubtedly Farmington’s go-to district for unique, local retail and has the best shopping selection in the city. You’ll find clothing, groceries, jewelry, art, home necessities, cosmetics, novelties, and much more!

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