7479 Egan Dr 4,141 SF Retail Building Savage, MN 55378 $2,352,823 CAD ($568.18 CAD/SF) 6.65% Cap Rate

Positioned in the thriving retail corridor of Savage, Minnesota, this NNN-leased auto service investment offers a stable, long-term income stream backed by a nationally expanding tenant. The property at 7479 Egan Drive is home to Costa Oil, a fast-growing quick-lube brand known for its 10-minute, no-appointment oil change model. With 14 years remaining on the base lease term and three five-year renewal options, investors benefit from predictable cash flow and annual 2% rent escalations through 2054.
Built in 2003 and situated on nearly one acre, the 4,141 RSF building is fully operated by the tenant under an absolute triple-net lease, including responsibility for roof and structure. The site is bonus depreciation eligible, enhancing its appeal for tax-advantaged buyers. Located in a high-traffic retail hub with over 26,000 vehicles per day, the property is surrounded by national brands including Target, Walgreens, Cub Foods, and Caribou Coffee, ensuring strong consumer visibility and synergy.
Costa Oil currently operates over 65 locations nationwide, with the Minnesota franchisee actively expanding. This asset offers a rare combination of passive ownership, long-term tenancy, and strategic positioning in a vibrant suburban market.