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Shopping Strip

Safelite & TGK (Sun) Auto Center

13360 Grove Dr, Maple Grove, MN 55369

Listing Price: $4,524,558

Cap Rate
6.84%
Gross SF
11
Rentable SF
11
Price/Gross SF
$411,323.45
Lot Size
1.05 acres
Year Built
1991

Investment Overview

Marcus & Millichap is pleased to present for sale Safelite & TGK (Sun) Auto Center in Maple Grove, Minnesota. Safelite Glass is the nation's largest supplier of automotive glass replacement and repair solutions. The company is fully integrated, from manufacturing to auto glass repair and replacement to auto glass and other property claims processing.

TGK Automotive is a top-notch auto repair and maintenance service provider, with state-of-the-art facilities throughout the Twin Cities and over 21 years of experience providing automotive repair and maintenance service excellence.

Maple Grove is a thriving city located in Hennepin County, Minnesota, part of the Minneapolis–Saint Paul metropolitan area. With a population of approximately 70,000 residents as of the 2020 census, Maple Grove is known for its family-friendly atmosphere, well-planned neighborhoods, and a variety of amenities. Maple Grove's economy is diverse, with a focus on retail, healthcare, technology, and education.

Investment Highlights

  • 100 Percent Leased to Safelite Autoglass and TGK Automotive (Sun Auto)
  • Annual Rental Increases and Renewal Options on Both Leases
  • Highly Accessible Location Immediately Off of Purple Heart Trl Highway-94 (Approximately 113,000 Cars per Day)
  • Over 595,800 Residents Within a Ten-Mile Radius - Minneapolis MSA
  • Affluent Area – Average Household Income Exceeds $142,800 Within Three Miles
  • High Visibility Near Intersections of Weaver Lake Rd, Grove Drive (Over 40,500 Combined Cars per Day) and Elm Creek Boulevard N (Approximately 22,000 Cars per Day)
  • Surrounded by Major Retailers at Maple Grove Crossing Shopping Mall and The Shoppes at Arbor Lakes
  • Direct Connections to Downtown Minneapolis, University of Minnesota, and Minneapolis–Saint Paul International Airport

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Financing By

Shopping Strip

Safelite & TGK (Sun) Auto Center

Listing Price: $4,524,558

Cap Rate
6.84%
Gross SF
11
Rentable SF
11
Price/Gross SF
$411,323.45
Lot Size
1.05 acres
Year Built
1991

Investment Highlights

  • 100 Percent Leased to Safelite Autoglass and TGK Automotive (Sun Auto)
  • Annual Rental Increases and Renewal Options on Both Leases
  • Highly Accessible Location Immediately Off of Purple Heart Trl Highway-94 (Approximately 113,000 Cars per Day)
  • Over 595,800 Residents Within a Ten-Mile Radius - Minneapolis MSA
  • Affluent Area – Average Household Income Exceeds $142,800 Within Three Miles
  • High Visibility Near Intersections of Weaver Lake Rd, Grove Drive (Over 40,500 Combined Cars per Day) and Elm Creek Boulevard N (Approximately 22,000 Cars per Day)
  • Surrounded by Major Retailers at Maple Grove Crossing Shopping Mall and The Shoppes at Arbor Lakes
  • Direct Connections to Downtown Minneapolis, University of Minnesota, and Minneapolis–Saint Paul International Airport

Investment Overview

Marcus & Millichap is pleased to present for sale Safelite & TGK (Sun) Auto Center in Maple Grove, Minnesota. Safelite Glass is the nation's largest supplier of automotive glass replacement and repair solutions. The company is fully integrated, from manufacturing to auto glass repair and replacement to auto glass and other property claims processing. TGK Automotive is a top-notch auto repair and maintenance service provider, with state-of-the-art facilities throughout the Twin Cities and over 21 years of experience providing automotive repair and maintenance service excellence. Maple Grove is a thriving city located in Hennepin County, Minnesota, part of the Minneapolis–Saint Paul metropolitan area. With a population of approximately 70,000 residents as of the 2020 census, Maple Grove is known for its family-friendly atmosphere, well-planned neighborhoods, and a variety of amenities. Maple Grove's economy is diverse, with a focus on retail, healthcare, technology, and education.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

Financing By

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