White Bear Lake Retail for Sale - Suburban St Paul
Entheos Commercial Real Estate presents a single-tenant, absolute NNN investment at 4561 Lake Avenue in White Bear Lake, Minnesota — a nationally franchised Grease Monkey automotive quick-lube facility offered at $1,200,000, representing a 7.15% cap rate on post-2026 NOI.
LEASE & INCOME STRUCTURE
The property is 100% occupied by Grease Monkey under an absolute triple-net lease with zero landlord responsibilities — tenant covers property taxes, insurance, and all maintenance. The lease carries a corporate guarantee from Full Speed Automotive, one of the largest automotive service platforms in the United States with nearly 1,000 locations nationwide. A scheduled 10% rent increase takes effect in 2026, producing an $85,800 annual NOI ($7,150/month), followed by 2% annual bumps through all option periods — delivering structured NOI growth materially above the flat-rent NNN norm.
TENANT QUALITY
Full Speed Automotive / Grease Monkey is a nationally scaled, recession-resilient business providing non-discretionary vehicle maintenance services. Automotive upkeep is demand-inelastic — consumers continue oil changes and fluid services regardless of economic conditions. This behavioral consistency produces predictable unit economics and durable franchisee performance at established locations like White Bear Lake.
LOCATION & MARKET
The property sits on Lake Avenue, the primary commercial arterial in White Bear Lake, with daily traffic counts exceeding 18,000 vehicles. White Bear Lake is a premier Twin Cities suburb — median household incomes above $72,000, high homeownership rates, and above-average vehicles per household — all structural demand drivers for quick-lube services. The property is positioned within the Minneapolis–St. Paul MSA, a top-15 U.S. metro with a diversified, Fortune 500-anchored economy.
TAX ADVANTAGE
This property may qualify for significant bonus depreciation via cost segregation. Automotive service facilities are well-suited for component reclassification — equipment, lifts, and site improvements often qualify for 5- to 15-year accelerated treatment. Buyers should consult their tax advisor regarding eligibility and potential impact on after-tax yield.
OFFERING TERMS
Asking Price: $1,200,000 | Annual NOI: $85,800 | Cap Rate: 7.15% | Building: 4,736 SF | Lease: Absolute NNN | Guarantee: Corporate. Lease abstract and rent schedule provided upon LOI execution. Full due diligence package released upon APA execution. Broker is also the owner — disclosed per applicable licensing requirements.
Contact: Curtis Romano | Entheos Commercial Real Estate | 952-270-8363 | curtis@entheoscommercial.com
