www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
21428949
21428950

2677 Bunker Lake Blvd NW, Andover, MN 55304

CC
MN MN 40555735
Inventure Real Estate
JC
40793812
Inventure Real Estate
Listed by Inventure Real Estate
$5,219,128
523 days on market
Updated 50 days ago

Single Tenant NNN RE/MAX Results

Details
Property Type Retail, Office (+1)
Sub Type Executive Office, Medical Office (+1)
Square Footage 13,600
Cap Rate 6.65%
NOI $347,072
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 15
Lease Expiration 10/31/2031
Remaining Term 5.3
Rent Bumps Yes
Class A
Year Built 2016
Stories 2
Acreage 0.980
Investment Type Net Lease
Lease Commencement 11/01/2016
Sale Condition 1031 exchange

Largest RE/MAX Franchisee in the Country

Marketing description

Inventure Real Estate is pleased to present investors with the opportunity to purchase the Re/Max Results office building, located in Andover Minnesota. This building is the ideal Class A, single tenant, and state of the art office building asset. With frontage on Bunker Lake Boulevard, this property boasts over 15,000 vehicles per day. In addition, the thriving community of Andover is located in Anoka county, which is ranked in the top 10 fastest growing counties in Minnesota since 2010, great for the residential real estate business. Re/Max Results has 49 offices within Minnesota and Western Wisconsin that includes the Twin Cities, Rochester, Duluth, and St. Cloud. Re/Max Results has approximately 1,200 Sales Executives and is the largest/most productive Re/Max franchise within the United States.

Investment highlights

Over 15,000 VPD on Bunker Lake Boulevard

Anoka County is Ranked the 10th Fastest Growing County in MN Since 2010

Newer Construction - Built in 2016

Class A Office Building

Re/Max Results is the Largest/Most Productive Re/Max Franchise in the United States

Over 6 Years of Primary Lease Term Remain With 2 5-Year options to Extend, Gives investors a Stable Income Stream Long Into the Future

Listing Contacts

CC
MN MN 40555735
Inventure Real Estate
JC
40793812
Inventure Real Estate
Listed by Inventure Real Estate

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$347,072.00
$28,922.67/mo

Valuation Metrics

0
DSCR
6.65%
Cap Rate
6.65%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Cameron Cropsey
License
MN 40555735
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591