Bank of America | 1761 County Road C
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Bank of America 1761 County Road C
4,100 SF Retail Building Roseville, MN 55113 $2,700,000 ($659/SF) 5% Cap Rate
Investment Highlights
- Bank of America boasts an A- (S&P) credit rating, securing the investment for decades to come
- Bank of America has recently signed a 15 year lease which features 10% rent bumps every 5 years
- The property is located in a dense retail corridor featuring national giants such as Walmart, ALDI, Dick’s Sporting Goods, Best Buy, and more
- The investment features a ground lease structure, leaving the Landlord with almost no responsibilities
- Roseville is a dense suburb with high projected income growth
Executive Summary
Jones Lang Lasalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire the fee simple interest in a newly constructed Bank of America located in Roseville, MN, just 15 minutes from the downtowns of both Minneapolis and Saint Paul. The property is 100% leased to Bank of America, a leading provider of banking and investment services worldwide. Bank of America has recently signed a 15 year ground lease, featuring a 10% rent increase every five years and requiring minimal landlord responsibilities. This investment provides the unique opportunity to obtain stable cash flows from an investment grade tenant in a tight retail submarket of the Twin Cities.
Data Room Click Here to Access
- Offering Memorandum
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,100 SF
Building Class
B
Year Built
2023
Price
$2,700,000
Price Per SF
$659
Cap Rate
5%
NOI
$135,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Land Acres
1.62 AC
Frontage
221 FT on County Road C West
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 04-29-23-43-0022 | Improvements Assessment | $117,000 |
| Land Assessment | $1,058,500 | Total Assessment | $1,175,500 |
PROPERTY TAXES
Parcel Number
04-29-23-43-0022
Land Assessment
$1,058,500
Improvements Assessment
$117,000
Total Assessment
$1,175,500
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Matt Hazelton -
Cory Villaume -
JLL
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Bank of America | 1761 County Road C
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