Asking Price Contact for pricing
Area Size
NOI Net Operating Income
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1989
Building Area Gross
Occupancy 100.0 %

Asset Description

Jones Lang Lasalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire the fee simple interest in a 100% occupied strip center in Maple Grove, MN, just 20 minutes northwest of downtown Minneapolis. The property is leased to six different tenants, three of which have been located there since 2010 or earlier. Four out of the six leases feature annual rent increases and all of the leases are triple net. This investment provides the unique opportunity to obtain stable cash flows from long term tenants in an irreplaceable location.

Investment Highlights

IRREPLACEABLE LOCATION IN THE HEART OF MAPLE GROVE

Less than a mile from major traffic drivers including Arbor Lakes Complex, Maple Grove City Hall and Government Center, and Interstate 494.


EXCELLENT HISTORICAL OCCUPANCY

Four of the six current tenants have been in the building for a decade or more and two of the six tenants have been in the building for over 27 years.


HEALTHY AND GROWING SUBURB

Maple Grove has seen a 42% population increase over the last 20 years and remains well positioned for continued growth.


HIGH BARRIERS TO ENTRY

Immediate retail trade area is fully developed; some sites in immediate area are undergoing redevelopment.

Last Updated Date: 14 Nov 2022

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Last Updated Date: 14 Nov 2022

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