Property Listing No Longer Available for Sale

2371 McKnight Road North, Saint Paul, MN

Retail for Sale - $1,225,806 - 2,800 Sq. Ft. on 1.15 acres


Property Info

CIMLS#19810
Location
  2371 McKnight Road North
  Saint Paul MN 55109
UpdatedNovember 5th, 2007
TypeRetail
Price$1,225,806
Building2,800 Sq. Ft.
Land1.15 acres

Property Description

This property is an outparcel to a Super Target with additional retailers in the immediate area including: Home Depot, Walgreens, Cub Foods, Rainbow Foods, PetsMart, Bachman's, TCF Bank, Tom Thumb Food Markets, Ace Hardware, Original Mattress Factory, Soccer USA, Play It Again Sports, Caribou Coffee, Subway, Roly Poly, Taco John's, Burger King, Panera Bread, Leeann Chin, Chipotle, Quiznos, McDonald's. This property is located less than 1.50 miles from Maplewood Mall. The mall features major tenants such as Kohl's, Sears, JCPenney's and Macy's and over 130 specialty stores including a two-level 40,000 square foot Barnes & Noble Bookstore with a Starbucks Cafe, Express/Express for Men, Children's Place, Forever 21, Bath & Body Works, Lids, PACSUN, GAP, New York & Co., Ann Taylor Loft, American Eagle Outfitters, Charlotte Russe, Old Navy, Victoria's Secret, Flash Digital Portraits and more. North St. Paul is a city in Ramsey County, Minnesota, east of the city of Saint Paul, Minnesota. Silver Lake and Casey Lake are the city's largest bodies of water and both have large, adjacent parks. Minnesota State Highway 36 and the Gateway State Trail, running over the former Soo Line Railway grade, bisect the city. Saint Paul is the capital and the second most populous city of the state of Minnesota in the Midwestern portion of the United States. Saint Paul and the adjacent city of Minneapolis form the core of the Twin Cities metropolitan area.

Oil Can Henry's is a leader in the booming quick lube industry. Its customers are allowed to remain in their vehicles, where they can relax with a free copy of USA Today. A video monitor, positioned next to the driver's side window, provides views under the hood and under the vehicle as the service is completed. In addition, for warranty issues, the Castrol Camera monitoring system video tapes under the car and under the hood for 3 months to ensure all procudures are done correctly. The constant interaction between our customers and our trained service technicians makes Oil Can Henry's The One You Can Trust.

Success Magazine ranked Oil Can Henry's #9 among the top 124 companies awarded the title of "Gold 100." Income Opportunities Magazine ranked it #30 in the first "Select 200." The prominent quick lube magazine, National Oil & Lube News consistently chooses the Oil Can Henry's craftsman building as the top Quick Lube building throughout the nation.

Oil Can Henry's technicians are well-trained to provide a wide variety of valuable maintenance and safety services. For over 20 years the company has not had any environmental related legal issues filed against them. Oil Can Henry's are located in the following cities: Arizona, California, Colorado, Minnesota, Oregon and Washington. This Oil Can Henry's will be operated by a franchisee.

Net. Net. Net Lease. No landlord responsibilities. This is a franchisee location with the lease guaranteed for the first 5 years with personal guarantees by the operator.

Lease Term: Fifteen (15) years

Lease Commencement: September, 2007

Lease Renewal Options: Two (2) Five (5) year options with 2% annual increases.


Financials

Cap Rate: 7.75%