napa auto parts store business & property for sale 508 ... · business brokerage group phone:...

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www.cbcgriffinbusinessbrokerage.com 6009 Wayzata Blvd., Suite 1 Minneapolis, MN 55416 Main: 612.338.2828 Fax: 612.338.5288 © 2013 Coldwell Banker Real Estate LLC. Coldwell Banker Commercial ® is a registered trademark licensed to Coldwell Banker Real Estate LCC. An Equal Opportunity Company. Each Office Is Independently Owned And Operated Griffin Companies Michael N. Palm, Sr. Senior Vice President— Business Brokerage Group Phone: 612.904.7814 [email protected] Represented By : Business & Property For Sale Michael N. Palm, Jr. Business Broker— Business Brokerage Group Phone: 612.904.7818 [email protected] NAPA Auto Parts Store 508 Faxon Road North Norwood, MN 55368 Great opportunity to own a NAPA Auto Parts Store and real estate in Norwood, MN off Hwy 212. The building is part of a strip center on the primary street of town. 10,000 sq. ft. of retail space and 3,000 sq. ft. storage/ warehouse space. Price: $599,000 includes building and land totaling 1.24 acres. PID: #580144950 Taxes for 2011: $18,030 Assessed: $545,800 Additional parcels #580144700 for purchase: Taxes for 2011: $2,296 Assessed: $65,300 #580144800 Taxes for 2011: $1,140 Assessed: $32,400

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Page 1: NAPA Auto Parts Store Business & Property For Sale 508 ... · Business Brokerage Group Phone: 612.904.7814 mpalm@cbcgriffin.com Represented By : Business & Property For Sale Michael

www.cbcgriffinbusinessbrokerage.com 6009 Wayzata Blvd., Suite 1 Minneapolis, MN 55416

Main: 612.338.2828 Fax: 612.338.5288

© 2013 Coldwell Banker Real Estate LLC. Coldwell Banker Commercial ® is a registered trademark licensed to Coldwell Banker Real Estate LCC. An Equal Opportunity Company. Each Office Is Independently Owned And Operated

Griffin Companies

Michael N. Palm, Sr. Senior Vice President— Business Brokerage Group Phone: 612.904.7814 [email protected]

Represented By :

Business & Property For Sale

Michael N. Palm, Jr. Business Broker— Business Brokerage Group Phone: 612.904.7818 [email protected]

NAPA Auto Parts Store 508 Faxon Road North Norwood, MN 55368

Great opportunity to own a NAPA Auto Parts Store and real estate in Norwood, MN off Hwy 212.

The building is part of a strip center on the primary street of town.

10,000 sq. ft. of retail space and 3,000 sq. ft. storage/warehouse space.

Price: $599,000 includes building and land totaling 1.24 acres. PID: #580144950 Taxes for 2011: $18,030 Assessed: $545,800 Additional parcels #580144700 for purchase: Taxes for 2011: $2,296 Assessed: $65,300 #580144800 Taxes for 2011: $1,140 Assessed: $32,400

Page 2: NAPA Auto Parts Store Business & Property For Sale 508 ... · Business Brokerage Group Phone: 612.904.7814 mpalm@cbcgriffin.com Represented By : Business & Property For Sale Michael

www.cbcgriffinbusinessbrokerage.com 6009 Wayzata Blvd., Suite 1 Minneapolis, MN 55416

Main: 612.338.2828 Fax: 612.338.5288

© 2013 Coldwell Banker Real Estate LLC. Coldwell Banker Commercial ® is a registered trademark licensed to Coldwell Banker Real Estate LCC. An Equal Opportunity Company. Each Office Is Independently Owned And Operated

Griffin Companies

Michael N. Palm, Sr. Senior Vice President— Business Brokerage Group Phone: 612.904.7814 [email protected]

Represented By :

Business & Property For Sale

Michael N. Palm, Jr. Business Broker— Business Brokerage Group Phone: 612.904.7818 [email protected]

NAPA Auto Parts Store 508 Faxon Road North Norwood, MN 55397

Page 3: NAPA Auto Parts Store Business & Property For Sale 508 ... · Business Brokerage Group Phone: 612.904.7814 mpalm@cbcgriffin.com Represented By : Business & Property For Sale Michael

N A P A A u t o P a r t s

NAPA Auto Parts 3

All information furnished is from sources judged to be reliable, however, no guarantee is made as to its accuracy or completeness.

Griffin Companies AERIAL PHOTO

Parcel: 580144950

Parcel: 580144700

Parcel: 580144800

Available at additional price

Page 4: NAPA Auto Parts Store Business & Property For Sale 508 ... · Business Brokerage Group Phone: 612.904.7814 mpalm@cbcgriffin.com Represented By : Business & Property For Sale Michael

N A P A A u t o P a r t s

NAPA Auto Parts 4

All information furnished is from sources judged to be reliable, however, no guarantee is made as to its accuracy or completeness.

Griffin Companies PARCELS

Available at additional price

Page 5: NAPA Auto Parts Store Business & Property For Sale 508 ... · Business Brokerage Group Phone: 612.904.7814 mpalm@cbcgriffin.com Represented By : Business & Property For Sale Michael

508 N Faxon RdNorwood Young America, MN 55368

Population 1-mi. 3-mi. 5-mi.Total Population 3,717 4,350 6,101

Group Quarters Population 10 10 11

Urban Population 3,027 3,295 3,778

Rural Population 690 1,056 2,323

Not defined 0 0 0

Adult Population 2,748 3,216 4,482

Ratio of Males to Females 1.0 1 1.0

Female Population 1,866 2,180 3,038

Male Population 1,850 2,170 3,062

Land Area (Square Miles) 17.7 28.2 60.7

Age 1-mi. 3-mi. 5-mi.Median Age, Total 36.8 37 37.1

Median Age, Male 35.9 36.2 36.7

Median Age, Female 37.6 37.7 37.5

% Age 18+ 73.9 73.9 73.5

% Age 21+ 71.0 70.9 70.4

% Age 55+ 24.2 24.2 23.6

% Age 65+ 12.1 12.0 11.6

Page 6: NAPA Auto Parts Store Business & Property For Sale 508 ... · Business Brokerage Group Phone: 612.904.7814 mpalm@cbcgriffin.com Represented By : Business & Property For Sale Michael

Ethnicity 1-mi. 3-mi. 5-mi.% White 93.6 93.8 94.2

% Black 0.4 0.4 0.5

% Asian 0.5 0.5 0.6

% Hispanic 4.4 4.3 3.8

% Other 1.1 1.0 1.0

5 Year Projections 1-mi. 3-mi. 5-mi.Total Population 3,885 4,545 6,412

Group Quarters Population 10 10 11

Adult Population 2,875 3,364 4,719

Total Households 1,543 1,794 2,484

Per Capita Income (based on Total Population) 31,045 31,650 32,943

Total Population 16+ 2,980 3,487 4,893

5 Year Ethnicity Projections 1-mi. 3-mi. 5-mi.% White 93.2 93.4 93.9

% Black 0.4 0.4 0.5

% Asian 0.5 0.5 0.6

% Hispanic 4.7 4.6 4.0

% Other 1.1 1.1 1.1

Housing and Household's 1-mi. 3-mi. 5-mi.Total Housing Units 1,532 1,784 2,459

Total Households 1,459 1,698 2,342

Owner-Occupied: Owned with a mortgage or loan 767 907 1,314

Owner-Occupied: Owned free and clear 267 328 486

Renter-Occupied 425 464 542

Aggregate Contract Rent $229,758 $251,823 $295,660

Average (Mean) Number of Vehicles Available 2.1 2.1 2.2

Page 7: NAPA Auto Parts Store Business & Property For Sale 508 ... · Business Brokerage Group Phone: 612.904.7814 mpalm@cbcgriffin.com Represented By : Business & Property For Sale Michael

Housing Value 1-mi. 3-mi. 5-mi.Housing Value < $10,000 0 0 0

Housing Value $10,000-$14,999 2 3 4

Housing Value $15,000-$19,999 1 1 2

Housing Value $20,000-$24,999 6 7 9

Housing Value $25,000-$29,999 0 0 0

Housing Value $30,000-$34,999 0 0 0

Housing Value $35,000-$39,999 0 0 0

Housing Value $40,000-$49,999 0 1 2

Housing Value $50,000-$59,999 2 3 9

Housing Value $60,000-$69,999 10 12 17

Housing Value $70,000-$79,999 14 17 22

Housing Value $80,000-$89,999 10 10 14

Housing Value $90,000-$99,999 83 88 96

Housing Value $100,000-$124,999 80 92 127

Housing Value $125,000-$149,999 126 146 194

Housing Value $150,000-$174,999 282 316 392

Housing Value $175,000-$199,999 129 153 214

Housing Value $200,000-$249,999 160 201 327

Housing Value $250,000-$299,999 55 72 133

Housing Value $300,000-$399,999 47 71 149

Housing Value $400,000-$499,999 22 31 60

Housing Value $500,000-$749,999 2 6 19

Housing Value $750,000-$999,999 1 2 6

Housing Value $1,000,000 or more 1 2 5

Total Owner-occupied housing units (OOHU) 1,034 1,234 1,800

Income 1-mi. 3-mi. 5-mi.Per Capita Income (based on Total Population) $24,754 $25,186 $26,242

Average (Mean) Household Income $67,686 $69,305 $73,402

Median Household Income $55,253 $56,562 $60,187

Aggregate Income $98,871,339 $117,841,678 $172,046,108

Page 8: NAPA Auto Parts Store Business & Property For Sale 508 ... · Business Brokerage Group Phone: 612.904.7814 mpalm@cbcgriffin.com Represented By : Business & Property For Sale Michael

% Households by Income 1-mi. 3-mi. 5-mi.% Household Income < $10,000 3.4 3.4 3.3

% Household Income $10,000-$14,999 5.5 5.3 4.9

% Household Income $15,000-$19,999 4.5 4.6 4.5

% Household Income $20,000-$24,999 4.8 4.7 4.2

% Household Income $25,000-$29,999 6.3 5.8 4.8

% Household Income $30,000-$34,999 7.0 6.6 5.8

% Household Income $35,000-$39,999 5.4 5.2 4.8

% Household Income $40,000-$44,999 3.7 3.6 3.5

% Household Income $45,000-$49,999 4.5 4.5 4.4

% Household Income $50,000-$59,999 9.1 9.3 9.6

% Household Income $60,000-$74,999 9.9 9.9 10.2

% Household Income $75,000-$99,999 21.0 21.1 21.3

% Household Income $100,000-$124,999 8.1 8.4 9.3

% Household Income $125,000-$149,999 3.4 3.6 4.1

% Household Income $150,000-$199,999 1.2 1.5 2.2

% Household Income $200,000-$249,999 0.8 0.9 1.1

% Household Income $250,000-$499,999 1.0 1.1 1.3

% Household Income $500,000+ 0.5 0.5 0.6

Education 1-mi. 3-mi. 5-mi.College undergraduate 193 219 285

Graduate or prof school 4 6 16

Employment and Occupation 1-mi. 3-mi. 5-mi.Total Civilian employed population aged 16+ 1,825 2,150 3,045

Page 9: NAPA Auto Parts Store Business & Property For Sale 508 ... · Business Brokerage Group Phone: 612.904.7814 mpalm@cbcgriffin.com Represented By : Business & Property For Sale Michael

% Employment by Industry 1-mi. 3-mi. 5-mi.% Armed Forces 0 0 0

% Civilian, Employed 63.9 64.4 65.4

% Civilian, Unemployed 4.8 4.7 4.4

% Not in Labor Force 31.3 31.0 30.3

% Agriculture, forestery, fishing/hunting, mining 3.6 4.3 5.6

% Construction 3.7 3.9 4.3

% Manufacturing 19 19.0 19.1

% Wholesale trade 1.3 1.5 2.1

% Retail trade 13.7 12.9 11.5

% Transportation and warehousing and utilities 2.7 2.9 3.4

% Information 5.0 4.7 4.0

% Finance and ins, real estate, rental and leasing 8.0 7.7 7.0

% Professional, sci, mgmt, admin and waste mgmt svcs 7.9 7.7 7.4

% Educational svcs, health care and social asst 24.0 23.6 22.8

% Arts, entertainmnt, recreation, accom. and food svcs 5.8 6.2 6.9

% Other svcs, except public admin 3.4 3.5 3.8

% Public admin 2.1 2.1 2.1

Transportation to Work 1-mi. 3-mi. 5-mi.Total Workers 16+ 1,825 2,150 3,045

Car, truck, or van 1,662 1,955 2,762

Public transport (not taxi) 9 12 20

Taxicab 0 0 0

Motorcycle 2 3 7

Bicycle 1 2 3

Walked 42 47 64

Other means 23 25 27

Worked at home 86 106 163

Page 10: NAPA Auto Parts Store Business & Property For Sale 508 ... · Business Brokerage Group Phone: 612.904.7814 mpalm@cbcgriffin.com Represented By : Business & Property For Sale Michael

Consumer Expenditures 1-mi. 3-mi. 5-mi.Average Apparel $1,635.9 $1,656.0 $1,715.8

Average Education $1,151.6 $1,168.4 $1,218.4

Average Entertainment $2,657.5 $2,693.5 $2,792.8

Average Food and Beverages $6,948.2 $7,018.2 $7,219.4

Average Gifts $1,065.2 $1,083.0 $1,125.5

Average Health Care $3,907.8 $3,943.4 $4,019.8

Average Household Furnishings and Equipment $1,511.6 $1,535.3 $1,597.5

Average Household Operations $1,006.3 $1,015.8 $1,046.8

Average Personal Care $600.4 $608.6 $630.4

Average Personal Expenditure $815.2 $822.3 $840.8

Average Reading $130.6 $132.2 $135.9

Average Shelter $8,777.5 $8,854 $9,089.5

Average Transportation $8,620.5 $8,711.8 $8,976.1

Average Utilities $3,477.5 $3,502.0 $3,564.3

Demand by Store Type 1-mi. 3-mi. 5-mi.Motor Vehicle & Parts Dealers $5,094,544 $5,995,429 $8,530,669

Furniture & Home Furnishings Stores $629,293 $743,670 $1,067,988

Electronics & Appliance Stores $494,054 $583,320 $834,290

Building Material & Garden Equipment & Supply Dealers $1,057,275 $1,250,450 $1,788,799

Food & Beverage Stores $4,942,989 $5,803,061 $8,184,680

Health & Personal Care Stores $989,778 $1,164,674 $1,646,756

Gasoline stations $4,611,026 $5,413,403 $7,641,392

Clothing & Clothing Accessories Stores $1,221,137 $1,439,253 $2,054,042

Sporting Goods, Hobby, Book, & Music Stores $424,218 $500,189 $714,928

General Merchandise Stores $3,899,350 $4,586,841 $6,508,022

Miscellaneous Store Retailers $713,488 $839,468 $1,189,543

Nonstore retailers $1,450,050 $1,708,054 $2,427,281

Foodservice & Drinking Places $3,672,752 $4,329,969 $6,187,180

General Merchandise, Apparel and Accessories, Furniture and Other Sales$6,887,250 $8,111,526 $11,546,637

2014/2015 Demographics provided by Experian through Alteryx

Page 11: NAPA Auto Parts Store Business & Property For Sale 508 ... · Business Brokerage Group Phone: 612.904.7814 mpalm@cbcgriffin.com Represented By : Business & Property For Sale Michael

N A P A A u t o P a r t s

NAPA Auto Parts 11

All information furnished is from sources judged to be reliable, however, no guarantee is made as to its accuracy or completeness.

Griffin Companies CONTACT

For more information, please contact: Michael N. Palm Sr. Senior Vice President Business Brokerage Group 6009 Wayzata Blvd., Suite 1 Minneapolis, MN 55416 Office: (612) 904-7814 Cell: (612) 819-0706 Fax: (612) 338-5288 Email: [email protected] Michael N. Palm Jr. Business Broker Business Brokerage Group 6009 Wayzata Blvd., Suite 1 Minneapolis, MN 55416 Office: (612) 904-7818 Cell: (612) 991-3296 Fax: (612) 338-5288 Email: [email protected]

Page 12: NAPA Auto Parts Store Business & Property For Sale 508 ... · Business Brokerage Group Phone: 612.904.7814 mpalm@cbcgriffin.com Represented By : Business & Property For Sale Michael

Mike Palm, Sr. (right) and his son Mike, Jr. (left) received the #1 Bronze Circle of Distinction Award from President of Coldwell Banker Commercial, Fred Schmidt (middle), at the recent CBC Worldwide Conference in Las Vegas. In addition, Mike Sr. was recognized as the #1 Ranked Agent in Minnesota and was the #1 Ranked Agent in the Hospitality Market Segment in North America.

Page 13: NAPA Auto Parts Store Business & Property For Sale 508 ... · Business Brokerage Group Phone: 612.904.7814 mpalm@cbcgriffin.com Represented By : Business & Property For Sale Michael

Leading the way in Name Recognition Coldwell Banker Commercial (CBC®) continues to remain an industry leader among commercial estate service providers. The results below detail the Coldwell Banker Commercial organization’s leadership position in aided brand awareness among readers of National Real Estate Investor (NREI) and The Wall Street Journal.

LEADER IN BRAND AWARENESS

Source: Base: Total respondents (1,231); independent market research firm Beta Research Corp., in conjunction with The Wall Street Journal’s marketing department, conducted this national survey among top and middle manager Journal subscribers responsible for their

organization’s corporate real estate purchase decisions. Fielded July-August 2011; 61% response rate. Based on a sample of 1,231

respondents with a margin of error of +/- 2.8% at 95% confidence level.

Source: Penton Media conducted the survey on behalf of the Coldwell Banker Commercial brand. The survey targeted commercial real estate developers, owners, managers and corporate users from 09/06/12 through 09/25/12. Based on a sample of 133 respondents with a

margin of error of +/- 8.4% at the 95% confidence level.

NREI: "Which commercial real estate companies have you heard of?"

The Wall Street Journal: “With which brands are you very / somewhat familiar?”