Sold! Investment Opportunity (Value-Add On) Market Place (Big Lake MN) Built for over $4.5M. Sale price $1.3M! Present cap rate 6.6. Proforma Cap rate 8.3. Agent Jim Evavold

3 Unit Retail – Real Estate + Gas Station, Convenience Store, Car Wash Business For Sale. Absentee Owner is motivated. $1.3M for everything including equipment and buildout.

Very competitive pricing with a motivated Seller. Over $4.5MM invested in the land and real estate. Built in 2007 with excellent value-add opportunity. 3 unit retail building consists of: 5,327 SF Gas Station/Convenience Store (leased at $4500/mo NNN), 2,635 SF Restaurant leased to an Asian Fusion Restaurant (leased for $2700 NNN and a vacant retail storefront available for lease or for one or two others businesses (laundromat, smoke shop, etc.) 2,376 SF. Total building: 10,338 SF + 2,190 SF 2 Bay Car Wash = 12,528 Total SF. Yearly estimated Lease is ($21,600 NNN).

Remodeled recently with over $400k invested in new pumps, building, signage, and new Minnoco flag (previously Mobil). New owner can utilize any gas/oil company they prefer. Do not disturb business – all tours through listing broker. Contact broker for financials and additional information.

Developed By: RJ Ryan Construction, ENL, Inc., James R. Hill, Inc., Lampert Architects, EXXON Mobil, YUM Brands, Croix Oil, Specialty Equipment, Pump & Meter.

NEW DEVELOPMENT: Newly residential homes are being developed adjacent to the property.

FACILITY:  Corner Lot, Freeway Visibility, Pylon Sign, Restaurant, Security System, Signage, Drive Thru, Air Conditioning. Storefront Retail/Office – 12,528 SF Year Built 2007 2.24 Acres. Parking 81 Spaces (6.47 Spaces per 1,000 SF Leased). Frontage 254 FT on US-Highway 10

 

 

 

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About Jim Evavold

Jim Evavold has over 21 years experience as a Business Broker. He has also owned and operated a number of small businesses here in the Twin Cities prior to becoming a Business Broker with Opportunities in Business. Jim has helped small business owners sell their closely held business and/or commercial property very confidentially! His expertise is in Liquor Stores (over 35), Manufacturing, Distribution, Service, Restaurant/Bars, and Retail. The breadth of his experience has served Jim well as a Broker; he has participated in the sale and purchase of a wide variety of businesses from various industries including manufacturing, wholesale/distribution, retail, food & beverage, technology, service businesses and franchises. Jim attributes his success to his extensive experience in sales and marketing, the ability to analyze financial statements and his awareness of how important confidentiality is when handling sensitive and confidential information. Sellers and Buyers have told Jim they were very happy with his professional and confidential approach to handling all aspects of a business sale - negotiations, buyer qualification, document preparation and marketing strategies. A few of Jim's marketing strategies include creating a professional and confidential marketing package of the business; advertising locally and nationally on several websites and database marketing for potential strategic acquisitions. Jim also has experience working with landlords (leases) and sales of commercial property. Jim has worked with many banks in the Twin Cities including Wells Fargo, US Bank, Achor Bank, Associated, Stearns, Bremer and M&I. Jim will list businesses in the Twin Cities Metro area as well as greater Minnesota and Western Wisconsin. Here are some of the Industries Jim has successfully worked with including a few of the Business Names. Jim lives with his wife in the western suburbs and likes all kinds of sports, motorcycling, camping, fishing, and music.

Contact the listing agent to learn more.

Jim Evavold

Work 612-331-8392 (Cell 952-994-6435)

jim.evavold@oibmn.com