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Bank of America 1761 County Road C

4,100 SF Retail Building Roseville, MN 55113 £2,130,300 (£520/SF) 5% Net Initial Yield

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

Property Facts Under Contract

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
4,100 SF
Building Class
B
Year Built
2023
Price
£2,130,300
Price Per SF
£520
Net Initial Yield
5%
NOI
£106,515
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Land Acres
1.62 AC
Frontage
221 ft on County Road C West

Nearby Major Retailers

Bank of America
Caribou Coffee
U.S. Bank
Lunds & Byerlys
CorePower Yoga
Bremer Bank
Buffalo Wild Wings
Noodles & Company
The Original Pancake House
Great Southern Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04-29-23-43-0022
Land Assessment
£835,156
Improvements Assessment
£92,313
Total Assessment
£927,469
  • Listing ID: 27014701

  • Date on Market: 01/11/2022

  • Last Updated:

  • Address: 1761 County Road C, Roseville, MN 55113

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