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3357 University Ave. SE, Minneapolis, MN, 55414

Speedway
$2,947,000

Key Information

Cap Rate
6%
Tot. SF
2,501
Year Built
1979
Term Remaining
±5 Yrs
Type
Retail

Highlights

Tenant Overview

  • Investment-Grade Credit: 7-Eleven holds an ‘A-’ S&P rating.
  • Global Brand: 85,000+ locations worldwide, including 13,000+ in the U.S. and Canada.

Property

  • High Traffic Site: Ranks in the 92nd percentile in Minnesota (Alpha Maps).
  • Long-Term Tenancy: Operating at this location for 25+ years.
  • Fee Simple – Absolute NNN: Zero landlord responsibilities; passive income.
  • Hedge Against Inflation: CPI increases every 5 years, capped at 10%.
  • Recent Lease Extension: Tenant recently renewed for ±5 years.
  • Prime Frontage: Located on University Avenue SE with strong visibility and access.
  • University Proximity: Less than 1 mile from the University of Minnesota (84,000+ students/staff).
  • Student Housing Growth: 322 new units nearby (Bridges & Knoll Dinkytown).
  • Event-Driven Traffic: Less than 1 mile from Huntington Bank Stadium (350,000+ annual visitors).
  • 24/7 Operations: Around-the-clock service maximizes revenue potential.
  • Resilient Asset Class: Convenience retail performs well across cycles.
  • Bonus Depreciation: Potential tax benefit—consult a CPA.

Demographics

  • Infill Market: Mature, supply-constrained area with strong demand.
  • Dense Population: Over 200,358+ residents within ±3 miles; more than 528,997+ within ±5 miles.

Photos

Location

Agents

Broker of Record

Brian Brockman

License # 40628603 (MN)
Bang Realty, Inc.
2939 Vernon Place Cincinnati OH 45219