Retail Space - For Sale
12880 Central Avenue Northeast Minneapolis, MN 55434
Details & Description
Price: $4,850,000
  • Property Type Retail for Sale : Gas/Convenience
  • Lot Size Acres 4.000
  • Building Sq Ft 7,875
  • Building Price per Sq Ft $615.87
  • Land Sq Ft 174,240
  • Land Price per Sq Ft $27.84
Holiday Blaine is an opportunity to acquire the fee simple interest in the real estate and improvements; subject to an Absolute Net-Lease to an established and highly reputable gas/convenience store operator for a term of 15 years, expiring December 31, 2035. The terms of the lease require the tenant to cover the cost of all real estate taxes, insurance, property repair and maintenance, and the total replacement cost of all building and structural elements, parking lot, gas tanks, and other equipment. The lease structure is advantageous for an investor seeking long-term, predicable income. An investor may also benefit from other tax advantages, including Bonus Deprecation.Year built: 1998
Property ID:    300363
Property URL: melqr.com/300363
Generated:    03-26-23
Property Highlights
Additional Photos
Listing Agents
Jackson Phillips

M: 612-999-5265
j.phillips@nailegacy.com
Garrett Farmer

M: 612-383-2590
garrett@nailegacy.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
Retail Space / Minnesota / Minneapolis / 55434 / 12880 Central Avenue Northeast

12880 Central Avenue Northeast

Minneapolis, MN 55434

Holiday Blaine

Listing ID: 300363
$4,850,000
For Sale
  • Property Type Retail for Sale : Gas/Convenience
  • Lot Size Acres 4.000
  • Building Sq Ft 7,875
  • Building Price per Sq Ft $615.87
  • Land Sq Ft 174,240
  • Land Price per Sq Ft $27.84
  • 12880 Central Avenue Northeast Minneapolis, MN 55434 | for Sale | Photo 1
  • 12880 Central Avenue Northeast Minneapolis, MN 55434 | for Sale | Photo 2
  • 12880 Central Avenue Northeast Minneapolis, MN 55434 | for Sale | Photo 3
  • 12880 Central Avenue Northeast Minneapolis, MN 55434 | for Sale | Photo 4
  • 12880 Central Avenue Northeast Minneapolis, MN 55434 | for Sale | Photo 5
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  • 12880 Central Avenue Northeast Minneapolis, MN 55434 | for Sale | Photo 8
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12880 Central Avenue Northeast | for Sale | Thumbnail 10
Property Highlights
• 15-Year Absolute NNN Lease
• Well maintained storefront
• Excellent Ingress & Egress
• Established Operator with significant Gas/Convenience store experience
• Car Wash and vehicle detailing station
Description

Holiday Blaine is an opportunity to acquire the fee simple interest in the real estate and improvements; subject to an Absolute Net-Lease to an established and highly reputable gas/convenience store operator for a term of 15 years, expiring December 31, 2035. The terms of the lease require the tenant to cover the cost of all real estate taxes, insurance, property repair and maintenance, and the total replacement cost of all building and structural elements, parking lot, gas tanks, and other equipment. The lease structure is advantageous for an investor seeking long-term, predicable income. An investor may also benefit from other tax advantages, including Bonus Deprecation.

Year built: 1998

Attachments & Files
holiday-blaine-v4-smaller-file-size6-8-22-OtT-8t3.pdf

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Minneapolis Area Market Trends

Listing Demographics for 12880 Central Avenue Northeast Minneapolis, MN 55434

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population9,55054,646127,089
Population Median Age363838
Population by Age0-9 Yrs1187 (12%)7169 (13%)16103 (12%)
10-19 Yrs1749 (18%)8296 (15%)18722 (14%)
20-29 Yrs1342 (14%)5654 (10%)14165 (11%)
30-39 Yrs1017 (10%)7146 (13%)17738 (13%)
40-49 Yrs1412 (14%)7777 (14%)17545 (13%)
50-59 Yrs887 (9%)7254 (13%)17650 (13%)
60-69 Yrs1404 (14%)7048 (12%)14003 (11%)
70+ Yrs554 (5%)4301 (7%)11163 (8%)
Median HH Income$88,686$96,730$88,951
Total Household Income< 24K299 (9%)1393 (7%)3833 (8%)
25-49K346 (11%)2285 (11%)7228 (15%)
50-74K563 (18%)3036 (15%)7282 (16%)
75-99K584 (19%)3310 (17%)7685 (16%)
100-199K1043 (34%)7145 (37%)15316 (33%)
200K+221 (7%)2014 (10%)3919 (8%)
Highest Education LevelNo Diploma35616414282
Diploma or GED1993908623209
Some College1107784019463
Assoc. Degree683449511020
Bachelors Degree1151907919622
Higher Degree54339687819
Total Housing Units3,18319,95346,671
--Owner-Occupied2,39916,92938,455
--Renter-Occupied6572,2546,807
Owner-Occupied Values< 100K449812402
100-199K44230439047
200-299K1498658114853
300-399K29038327590
400-499K5113152456
500K+7411772107
Total Working Age Population7,26542,16499,155
In Work Force5,28030,78271,852
Not In Work Force1,98511,38127,303
Workforce Employed5,10829,69269,080
Workforce Unemployed1681,0462,661
Civlian Workforce5,27630,73771,741
Military Workforce445111
Total Households3,05619,18345,262
Family Households2,27014,32232,487
Non-Family Households7854,86212,776
Married Couple1,82211,86425,792
Other Family4482,4586,694
Married w/Child9235,38811,508
Single Male w/Child934091,065
Single Female w/Child1499742,802

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Minnesota4,919,479+85,303,925+75,687,161+55,974,304
Anoka County298,084+11330,844+8358,469+6380,651

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
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201 West County Road E2, New Brighton, MN $5,825,000 7328 1.19
15120 West Freeway Drive, Columbus, MN $660,000 6000 2.79
Closest Commercial Airports
Airport Distance (mi)
Minneapolis-St Paul International (Wold-Chamberlain Airport) (MSP) 22
Rochester International Airport (RST) 97
Duluth International Airport (DLH) 124
Listing Agent
Jackson Phillips - CRE Agent at

Jackson Phillips

NAI Legacy

612-999-5265 (mobile)

VIEW AGENT PROFILE

nailegacy.com/

CONTACT ME

Listing Co-Agent
Jackson Phillips - CRE Agent at

Garrett Farmer

612-383-2590 (mobile)

nailegacy.com/

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