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.
31246416
31246417

3357 University Ave SE, Minneapolis, MN 55414

NH
CA CA 02118006
Matthews
Listed by Matthews
$2,947,000
73 days on market
Updated 46 days ago

Speedway (7-Eleven) | Fee Simple | NNN

Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 2,501
Cap Rate 6%
NOI $176,827
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa (+4)
Lease Type Absolute NNN
Lease Expiration 11/30/2030
Remaining Term 4.7
Rent Bumps Yes
Lease Options 1, 5 Year
Buildings 1
Stories 1
Acreage 0.400
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease No
Ownership Fee Simple

75th Percentile Nationally (Alpha Maps)

Marketing description

  • High Foot Traffic: Ranks in the 92nd percentile in the state and in the 75th percentile nationally according to Alpha Maps.

  • Top-Rated Tenant: 7-Eleven boasts investment-grade credit, rated ‘A-’ by Standard and Poor’s.

  • Iconic Brand: With over 85,000+ Locations Worldwide, including 13,000+ in the United States and Canada – 7-Eleven is a globally recognized and trusted brand.

Investment highlights

  • Proven Location: Successfully operated at this location for 25+ years.

  • Fee Simple - Absolute NNN Lease: Offering zero landlord responsibilities and a passive income stream.

  • Hedge Against Inflation: CPI rental increases every 5 years – capped at 10%

  • Recent Option Renewal: 7-Eleven recently renewed for another 5 years, showing a strong commitment to this location.

  • Prime Location: Situated on University Avenue SE, a major thoroughfare, the site enjoys high visibility and easy access for both pedestrians and vehicles.

  • University of Minnesota: Less than a mile away with 56,000+ students and 28,000+ staff members, this investment benefits from a steady flow of students, faculty, and staff, ensuring consistent foot traffic and demand.

  • Student Housing: Recent developments like The Bridges Dinkytown and The Knoll Dinkytown, with approximately 322 units, increases the local population and customer base.

  • Huntington Bank Stadium: Les than a mile away, Huntington Bank hosts a variety of events, including football games, concerts, and other large gatherings. Accommodating over 350,000 attendees annually.

  • Open 24 Hours: The tenant operates around the clock, maximizing exposure and revenue potential.

  • Stable and Recession-Resistant Industry: Provides you with a consistent and reliable income stream.

  • Eligible for Bonus Deprecation: Consult with your CPA to confirm.

  • Infill Market: Fully developed area with limited new competition and strong long-term demand.

  • Large Market: 190,000+ residents within 3 miles and 507,000+ residents within 5 miles.

Listing Contacts

NH
CA CA 02118006
Matthews
Listed by Matthews

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
$176,827.00
$14,735.58/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Kurt Sauer
License
40841922
Brokerage
Matthews Real Estate
Title
Broker of Record
Brokerage Address
701 Xenia Ave S., Ste 485 Minneapolis, MN 55416
*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