5431 Lyndale AveMinneapolis, MN 55419

Property Details for 5431 Lyndale Ave

Year built

2011

Construction

CONCRETE

Lot size

0.46 AC

Property size (Sq ft)

19,204 SF

Zone code

C2

Property type

Commercial real estate

APN

22-028-24-22-0163

APU

2202824220163

Description

This exceptional investment opportunity presents a 19,268-square-foot, Class A, single-tenant net-leased property occupied by Caliber Collision in Minneapolis, MN. Located at 5431 Lyndale Ave S, this 2011-built auto shop sits on a 1.26-acre lot with 60 parking spaces and offers a strong corporate guarantee. The 15-year lease, commencing September 1, 2015, and expiring August 31, 2030, has approximately 5.8 years remaining, with 5% rent bumps every five years and two remaining five-year option periods. The property boasts a 7.00% cap rate and a current NOI of $315,000, with an asking price of $4,500,000 ($233.55/sq ft). The property features a tilt-up concrete building, a gated perimeter, high-clear ceilings, multiple drive-in doors, and excellent access to I-35, placing it near the Mall of America and other major retailers. The property is zoned C2 and has Hennepin County APNs 22-028-24-22-0163

Location Insight

City

Minneapolis

County

Hennepin

State

Minnesota

Latitude

44.9042

Longitude

-93.2879

CBSA code

33460

CBSA name

MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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