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1685-1725 Robert St S
West Saint Paul, MN 55118

Bio-Science Anchored Center · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
16,440 SF
Building Class
B
Year Built
2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
2.01 AC
Zoning
RP
Parking
4.25 Spaces per 1,000 SF Leased
Frontage
63 ft on S Robert St.

Amenities

  • Signage
  • Signalized Intersection

About 1685-1725 Robert St S , West Saint Paul, MN 55118

Newly built in 2017, the Property is 100% occupied by three total tenants - Talecris Plasma Resources, Qdoba and Jersey Mike’s - in two internet-resistant industries - bioscience and food service - all of which rely heavily on brick-and-mortar locations. Talecris, who anchors the property, is a part of a rapidly growing industry that is anticipated to quadruple over the next ten years as the demand for plasma continues to increase given its current use for treating ilnesses like Cancer, Alzheimer’s and Ebola. Talecris’s publicly traded parent company, Grifols, S.A. (NASDAQ: GRFS) is one of the largest multinational pharmaceutical and chemical companies in the world, achieving $4.3 billion of revenue in 2017 with operations in over 100 countries worldwide. Each tenant is operating under a brand new ten-year enhanced NNN lease where Landlord responsibility is limited primarily to structural components, an obligation substantially mitigated given the Property’s new construction and Tenants’ reimbursement of capital expenses. Additionally, the rent roll offers attractive returns via rental increases in both the base term and option periods of each tenants’ lease, that help hedge against inflation and rising interest rates.

  • Listing ID: 13606926

  • Date on Market: 2018-08-27

  • Last Updated:

  • Address: 1685-1725 Robert St S, West Saint Paul, MN 55118

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