Little Newton's | Annual Increases 12325 Highway 55 42,416 SF 100% Leased Retail Building Plymouth, MN 55441 $9,113,255 CAD ($214.85 CAD/SF) 7.26% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Signed Lease | Options To Extend | Scheduled Rental Increases
- Prime Location | Proximity to Minneapolis and Large Employers
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Little Newton’s investment property located in Plymouth, Minnesota. The tenant, Little Newton’s, will sign an early extension at the close of escrow, bringing the term remaining to over 12 years with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual rental increases throughout the initial term and throughout each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
42,416 SF
Building Class
C
Year Built
1950
Price
$9,113,255 CAD
Price Per SF
$214.85 CAD
Cap Rate
7.26%
NOI
$661,449 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.18
Lot Size
5.45 AC
Zoning
RSF-1 - Single Family Detached
Parking
125 Spaces (2.95 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 26-118-22-33-0040 | Improvements Assessment | $1,434,917 CAD |
| Land Assessment | $2,375,330 CAD | Total Assessment | $3,810,247 CAD |
