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Victory Auto 5428 260th St 8,400 SF 100% Leased Industrial Building Wyoming, MN 55092 $1,850,575 CAD ($220.31 CAD/SF) 8% Cap Rate
Investment Highlights
- Strong Demographics | Affluent Community
- Strong Traffic Counts
- Proximity to Downtown Minneapolis
- Located in a Dense Pocket of Automotive Service Businesses
Executive Summary
Surmount is pleased to present the exclusive multi-tenant listing for Victory Auto Service & Glass located at 5428 260th Street in Wyoming, Minnesota. The property comprises approximately 8,400 rentable square feet situated on an estimated 1.57-acre parcel. Victory Auto occupies 6,000 square feet of the site under a 10-year double-net (NN) lease that commenced on March 21, 2023, with over seven years of term remaining. Two additional tenants, NES Building Solutions and KACE Small Engine, are subject to original 2-year lease terms beginning August 1, 2024, and October 1, 2024, respectively. Victory Auto’s current annual rent is $59,213 with scheduled 1.00% annual increases. The combined net operating income across all three tenants totals $108,282.
Property Facts
| Price | $1,850,575 CAD | Building Class | C |
| Price Per SF | $220.31 CAD | Lot Size | 1.57 AC |
| Sale Type | Investment | Rentable Building Area | 8,400 SF |
| Cap Rate | 8% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 2002 |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 3 |
| Zoning | I | ||
| Price | $1,850,575 CAD |
| Price Per SF | $220.31 CAD |
| Sale Type | Investment |
| Cap Rate | 8% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.57 AC |
| Rentable Building Area | 8,400 SF |
| No. Stories | 1 |
| Year Built | 2002 |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | I |
Amenities
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Advanced Auto
- Retailer
- -
- -
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Advanced Auto | Retailer | - | - | Jan 0000 |
Property Taxes
| Parcel Number | 21-00589-28 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $919,310 CAD |
Property Taxes
Parcel Number
21-00589-28
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$919,310 CAD
Contacts
-
Edward Otocka -
Ryan Sblendorio -
Amelia Haydock -
Glen Kunofsky -
Christopher Marks -
Surmount
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Victory Auto | 5428 260th St
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