1305 Crystal LnChaska, MN 55318

This Chaska, MN retail property offers a compelling value-add or redevelopment opportunity. The 4,809 square foot Big O Tires building sits on a 0.67-acre lot and is currently 100% occupied under an absolute NNN lease with a corporate guarantee from TBC Corporation. The lease, commencing October 1, 2010, and expiring September 30, 2030, has approximately 5.9 years remaining, with three 5-year options and 10% rent bumps every five years. The asking price is $1,766,341, representing a 6.75% cap rate and a price per square foot of $367.30. The property generates a net operating income (NOI) of $119,228. Located at 1305 Crystal Ln, Chaska, MN 55318, the property benefits from its proximity to major retailers, including Speedway, Valvoline, and numerous national chains. The area boasts a strong demographic profile, with a 5-mile average household income of $136,579 and a population of 95,083. Chaska is recognized as one of Minnesota's best places to live, further enhancing the property's investment appeal. The property's location near Hazeltine National Golf Club, a renowned venue for major golf championships, adds to its desirability. This presents a rare chance to acquire a stable, income-producing asset with significant upside potential. The property's strong tenant, favorable lease terms, and prime location make it an attractive investment for discerning buyers.