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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
23405008
23405004

4561 Lake Ave, White Bear Lake, MN 55110

CR
MN MN 40806065
Entheos Commercial Realty LLC
Listed by Entheos Commercial Realty LLC
$1,200,000
397 days on market
Updated 19 days ago

Grease Monkey - White Bear Lake MN

Details
Property Type Retail
Sub Type Auto Shop
Square Footage 4,736
Net Rentable (SqFt) 4,736
Units 1
Cap Rate 7.15%
NOI $85,800
Occupancy 100%
Tenancy Single
Brand/Tenant Grease Monkey Corporate
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 10/31/2031
Remaining Term 5.4
Rent Bumps Yes
Lease Options 3-5 Year Options
Price per SqFt $253
Class B
Year Built 2004
Year Renovated 2021
Buildings 1
Stories 2
Acreage 0.540
Parking Spaces 16 spaces
Parking Per SqFt 3.38
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 10/15/2021
Occupancy Date 10/15/2021
Ground Lease No
Ownership Fee Simple
Sale Condition For sale by owner

BONUS DEPRECIATION – Grease Monkey (Corporate) – Absolute NNN, Hands‑Off Ownership

Marketing description

BONUS DEPRECIATION OPPORTUNITY — Institutional‑Quality NNN Investment - 4561 Lake Ave, White Bear Lake, MN

A rare chance to acquire a high‑performing, single‑tenant absolute NNN asset leased to Grease Monkey, a nationally recognized operator backed by a corporate guarantee. This property delivers truly passive income with zero landlord responsibilities, making it an ideal fit for investors seeking durable cash flow, tax efficiency, and long‑term stability.

Why This Asset Stands Out

  • Bonus Depreciation: Accelerate tax benefits and enhance after‑tax returns.

  • Credit‑Backed Tenant: Grease Monkey provides strong financial backing and operational consistency.

  • Built‑In Rent Growth: 10% increase in 2026, followed by 2% annual escalations through all option periods.

  • Prime Location: High‑visibility corridor surrounded by national retailers and steady traffic drivers.

  • True Passive Ownership: Absolute NNN structure—no maintenance, no management, no surprises.

  • Growing Trade Area: White Bear Lake continues to expand with strong demographics and economic fundamentals.

This is a turnkey, low‑volatility asset that strengthens any portfolio—ideal for 1031 buyers, private investors, family offices, and funds seeking predictable income with meaningful tax advantages.

Let’s discuss how this property can support your investment strategy and long‑term yield goals.

Investment highlights

RENT GROWTH - Built‑In Income Growth: 10% rent increase in 2026, followed by 2% annual escalations through the base term and all option periods, ensuring consistent NOI growth and long‑term yield protection.

Listing Contacts

CR
MN MN 40806065
Entheos Commercial Realty LLC
Listed by Entheos Commercial Realty LLC

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$85,800.00
$7,150.00/mo

Valuation Metrics

0
DSCR
7.15%
Cap Rate
7.15%
ROI

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Additional Information

Name
Curtis Romano
License
MN 40806065
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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