Miscellaneous
Brand New Build to Suit PetSuites
815 US-169, Plymouth, MN 55441
Listing Price: $5,393,000
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.
Brand New Build to Suit PetSuites
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
Broker of Record
Listing Price: $5,393,000
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
Broker of Record
