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Shopping Strip

Heartland Dental & Dunkin'

8798 Parkview Ave NE, Otsego, MN 55330

Listing Price: $3,312,600

Cap Rate
6.00%
Gross SF
5,418
Rentable SF
5,418
Price/Gross SF
$611.41
Lot Size
1.19 acres
Year Built
2022

Investment Overview

Heartland Dental is a leading dental support organization in the United States. With more than 1,650 supported offices in 38 states, Heartland Dental supports over 2,600 dentists. Dunkin’ is the world’s leading baked goods and coffee chain, serving over three million customers every day. Situated 33 miles from downtown Minneapolis, Otsego is optimally located with easy access to major freeway systems. Otsego is a northwest suburb of Minneapolis and is the largest city in Minnesota's Wright County with nearly 20,000 residents (as of the 2020 U.S. Census).

Investment Highlights

  • Brand New 10-Year Leases with 10 Percent Rental Increases Every Five Years and Multiple Renewal Options
  • New High-Quality 2022 Construction with a Drive-Thru
  • 100 Percent Leased to Two Diverse National Tenants
  • Subject Property is the 2023 Winner of the Minnesota Shopping Center Association STARR Award for New Construction: Retail Multi-Tenant Under 10,000 Square Feet
  • 52,049 Residents Within a Five-Mile Radius - Minneapolis MSA
  • Households are Projected to Increase Over 11 Percent in the Immediate Area by 2027
  • Directly Across from Target and Adjacent to an ALDI that is Currently in Development
  • Excellent Visibility Along Parrish Avenue NE with Immediate Access to MN Highway 101

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Financing By

Shopping Strip

Heartland Dental & Dunkin'

Listing Price: $3,312,600

Cap Rate
6.00%
Gross SF
5,418
Rentable SF
5,418
Price/Gross SF
$611.41
Lot Size
1.19 acres
Year Built
2022

Investment Highlights

  • Brand New 10-Year Leases with 10 Percent Rental Increases Every Five Years and Multiple Renewal Options
  • New High-Quality 2022 Construction with a Drive-Thru
  • 100 Percent Leased to Two Diverse National Tenants
  • Subject Property is the 2023 Winner of the Minnesota Shopping Center Association STARR Award for New Construction: Retail Multi-Tenant Under 10,000 Square Feet
  • 52,049 Residents Within a Five-Mile Radius - Minneapolis MSA
  • Households are Projected to Increase Over 11 Percent in the Immediate Area by 2027
  • Directly Across from Target and Adjacent to an ALDI that is Currently in Development
  • Excellent Visibility Along Parrish Avenue NE with Immediate Access to MN Highway 101

Investment Overview

Heartland Dental is a leading dental support organization in the United States. With more than 1,650 supported offices in 38 states, Heartland Dental supports over 2,600 dentists. Dunkin’ is the world’s leading baked goods and coffee chain, serving over three million customers every day. Situated 33 miles from downtown Minneapolis, Otsego is optimally located with easy access to major freeway systems. Otsego is a northwest suburb of Minneapolis and is the largest city in Minnesota's Wright County with nearly 20,000 residents (as of the 2020 U.S. Census).

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

Financing By

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