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Miscellaneous

Brand New Build to Suit PetSuites

815 US-169, Plymouth, MN 55441

Listing Price: $5,393,000

Cap Rate
5.60%
Tenant Name
PetSuites
Years Remaining On Lease
19.9
Guarantor
Corporate Guarantee
Rentable SF
15,079
Lease Type
Absolute Net
Rent Per Square Feet
$20.03

Investment Overview

Subject is a Prime 15,079 Square-Foot Build-to-Suit PetSuites on a 1.12-Acre Lot with Ample Parking, Pylon Signage, and Easy Ingress/Egress. Absolute NNN Lease with a 20-Year Base Term and Zero Landlord Responsibility | 10% Rental Increases Every 5 Years Including Options.

Investment Highlights

  • Tenant PetSuites (JAB Holdings) Currently Features a Stable Credit Rating of Baa2 (Stable) from Moody's and BBB+ (Stable) from S&P
  • Well Established Retail Corridor | Nearby National Retailers Include: Caribou Coffee, Starbucks, Culver's, Home Depot, Advance Auto Parts, Wells Fargo, Firehouse Subs, McDonald's, and More
  • Affluent Community with an Average Household Income of Over $116,000 Within Five Miles of the Subject Asset, as of 2022
  • Subject is Six Miles From Downtown Minneapolis, with a Population of 424,536 and has Robust Traffic Counts on Kilmer Road (78,387 VPD) and US Hwy 169 (77,647 VPD) (Source: LandVision, CoStar, 2022)
  • Parks and Outdoor Recreational Facilities Nearby Include: Medicine Lake, Golden Valley Country Club, Clifton E. French Park, Eloise Butler Wildflower Garden, Cedar Lake, and Many Others

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Miscellaneous

Brand New Build to Suit PetSuites

Listing Price: $5,393,000

Cap Rate
5.60%
Tenant Name
PetSuites
Years Remaining On Lease
19.9
Guarantor
Corporate Guarantee
Rentable SF
15,079
Lease Type
Absolute Net
Rent Per Square Feet
$20.03

Investment Highlights

  • Tenant PetSuites (JAB Holdings) Currently Features a Stable Credit Rating of Baa2 (Stable) from Moody's and BBB+ (Stable) from S&P
  • Well Established Retail Corridor | Nearby National Retailers Include: Caribou Coffee, Starbucks, Culver's, Home Depot, Advance Auto Parts, Wells Fargo, Firehouse Subs, McDonald's, and More
  • Affluent Community with an Average Household Income of Over $116,000 Within Five Miles of the Subject Asset, as of 2022
  • Subject is Six Miles From Downtown Minneapolis, with a Population of 424,536 and has Robust Traffic Counts on Kilmer Road (78,387 VPD) and US Hwy 169 (77,647 VPD) (Source: LandVision, CoStar, 2022)
  • Parks and Outdoor Recreational Facilities Nearby Include: Medicine Lake, Golden Valley Country Club, Clifton E. French Park, Eloise Butler Wildflower Garden, Cedar Lake, and Many Others

Investment Overview

Subject is a Prime 15,079 Square-Foot Build-to-Suit PetSuites on a 1.12-Acre Lot with Ample Parking, Pylon Signage, and Easy Ingress/Egress. Absolute NNN Lease with a 20-Year Base Term and Zero Landlord Responsibility | 10% Rental Increases Every 5 Years Including Options.

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

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