NAPA Auto Parts Store 508 Faxon Road North Norwood, MN 55368 Business & Property For Sale 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 Represented By : Michael N. Palm, Sr. Senior Vice President Business Brokerage Group Phone: 612.904.7814 mpalm@cbcgriffin.com Michael N. Palm, Jr. Business Broker Business Brokerage Group Phone: 612.904.7818 mnpalm@cbcgriffin.com Griffin Companies www.cbcgriffinbusinessbrokerage.com 6009 Wayzata Blvd., Suite 1 Minneapolis, MN 55416 2013 Coldwell Banker Real Estate LLC. Coldwell Banker Commercial is a registered trademark licensed to Main: 612.338.2828 Coldwell Banker Real Estate LCC. An Equal Opportunity Company. Each Office Is Independently Owned And Operated Fax: 612.338.5288
NAPA Auto Parts Store 508 Faxon Road North Norwood, MN 55397 Business & Property For Sale Represented By : Michael N. Palm, Sr. Senior Vice President Business Brokerage Group Phone: 612.904.7814 mpalm@cbcgriffin.com Michael N. Palm, Jr. Business Broker Business Brokerage Group Phone: 612.904.7818 mnpalm@cbcgriffin.com Griffin Companies www.cbcgriffinbusinessbrokerage.com 6009 Wayzata Blvd., Suite 1 Minneapolis, MN 55416 2013 Coldwell Banker Real Estate LLC. Coldwell Banker Commercial is a registered trademark licensed to Main: 612.338.2828 Coldwell Banker Real Estate LCC. An Equal Opportunity Company. Each Office Is Independently Owned And Operated Fax: 612.338.5288
NAPA Auto Parts Griffin Companies AERIAL PHOTO Parcel: 580144800 Parcel: 580144950 Parcel: 580144700 Available at additional price All information furnished is from sources judged to be reliable, however, no guarantee is made as to its accuracy or completeness. NAPA Auto Parts 3
NAPA Auto Parts Griffin Companies PARCELS Available at additional price All information furnished is from sources judged to be reliable, however, no guarantee is made as to its accuracy or completeness. NAPA Auto Parts 4
508 N Faxon Rd Norwood 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
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
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
% 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
% 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
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
NAPA Auto Parts 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: mpalm@cbcgriffin.com 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: mnpalm@cbcgriffin.com All information furnished is from sources judged to be reliable, however, no guarantee is made as to its accuracy or completeness. NAPA Auto Parts 11
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.
LEADER IN BRAND AWARENESS NREI: "Which commercial real estate companies have you heard of?" 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. 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. The Wall Street Journal: With which brands are you very / somewhat familiar? 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.