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5990 Nova Scotia Ave N
Stillwater, MN 55082 Washington Far Eastern Suburbs

$3,680,000 USD

Bank For Sale  •  4,281 SF

Property Details

• Property Type Bank
• Total Building Size 4,225 SF
• Lot Size 0.95 AC
• Building Class C
• Year Built 2007
• Cap Rate 5.30 %
• Tenancy Single
• Zoning Commercial

0 Transit Score

61 Walk Score

Highlights

Single-Tenant Bank of America with Drive-Thru ATM; Outparcel to Lowe’s Home Improvement and Shadow Anchored by Walmart Supercenter

15-Year Absolute NNN Ground Lease

10% Increases Every 5 Years; and 11% Increases in Each of the Four 5-Year Options

Ideally Located Within the Submarket’s Highest Demand Retail Corridor

This Property is Located in Oak Park Heights, Just Outside of Stillwater, a Highly Sought-After Submarket of the Twin Cities

The Property is Surrounded by Many National Retailers Including Walmart, Target, Kohl’s, Menard’s, Lowe’s, ALDI, and Many Others

Cap Rate:

5.30 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Bank of America

Amenities

• Pylon Sign
• Signage
• Drive Thru

Public Transportation

Airport	Drive	Walk	Distance
Minneapolis-St Paul International/Wold-Chamberlain	40 min	-	27.6 mi