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4233 Eagan Dr
Savage, MN 55378
Sonic · Retail Property For Sale
Investment Highlights
- Sonic is on a 15-year NNN lease with approximately 3.5 years remaining and scheduled 2% annual rent increases.
- Located within a strong suburban market with a 5-mile population of 149,030 and an average household income of $143,207
- Surrounded by national retailers including Target, Hy-Vee, Cub Foods, Taco John’s, Starbucks, and Life Time Fitness
- Positioned along County Road 42, one of Savage’s primary commercial corridors, the property benefits from excellent visibility
- Strategically located near Burnsville Center, the property benefits from convenient accessibility
- The tenant on the lease is Tower Capital, LLC with a personal guaranty by Ehab Monsour
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,947 SF
Building Class
B
Year Built
2008
Price
$2,161,684 CAD
Price Per SF
$1,110.26 CAD
Cap Rate
7%
NOI
$151,317 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.02 AC
Zoning
Commercial
Parking
30 Spaces (15.41 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 26-427-001-0 | Improvements Assessment | $723,546 CAD |
| Land Assessment | $1,590,742 CAD | Total Assessment | $2,314,288 CAD |
Property Taxes
Parcel Number
26-427-001-0
Land Assessment
$1,590,742 CAD
Improvements Assessment
$723,546 CAD
Total Assessment
$2,314,288 CAD
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