Penz Automotive paid $8.5 million for Nissan and GMC real estate – Post Bulletin
ROCHESTER — Six years after taking over the Nissan and GMC dealerships in Rochester, the Penz Automotive Group paid $8.5 million to buy the real estate where the pair of facilities are located along “Car Row.”
Penz Investments, LLC, owned by Rochester business developer Dan Penz, purchased the Nissan property at 4642 US 52 North and the GMC property at 4646 US 52 North on Aug. 15 with a downpayment of $800,000, according to state records.
The Nissan property includes
a 14,900-square-foot building built in 2005.
The buildings on the GMC total 32,224-square-feet and were constructed in 1974.
Olmsted County estimated the total market value of the Nissan property at $2.01 million for 2025-2026 and the total market value of the GMC property at $3.96 million for a combined total estimate of $5.97 million.
Golden Valley, Minn.-based Lupient Rochester Properties, LLC sold the dealership properties.
Jeff Kiger / Post Bulletin
Penz Automotive, led by Todd Penz,
acquired the Nissan and GMC Buick dealerships from Lupient Automotive Group
in December 2019. That leveled up Penz Automotive from just owning the Subaru of Rochester dealership to having three vehicle lots in Rochester.
No financial details were released at the time of the 2019 Penz/Lupient transaction.
Rochester Realtor Merl Groteboer
helped facilitate the deal.
Penz Automotive added a Chevrolet dealership in Spring Valley
in 2022.
In late 2023,
Penz Automotive proposed a plan to move the Nissan dealership
to a more central location in the former Toys ‘R’ Us building at 808 Apache Lane SW in 2024.
That plan stalled and Acme Tools purchased the Apache Lane building for $4.8 million in 2024. After renovating the building, Acme recently opened a new Rochester store on the site.
Post Bulletin illustration
