Description

JLL is pleased to present Beacon Ridge- an award-winning built-to-rent community in Plymouth, MN, offering residents the space and privacy of single-family living with maintenance-free lifestyle amenities. The asset sits on a sprawling 14.5-acre site and within the Wayzata school district, ranked #1 in the entire Twin Cities metro. This irreplaceable asset delivers a differentiated luxury product capturing growing demand from renters seeking an elevated alternative to traditional multi-housing apartments at a significant discount to the Plymouth for-sale market, where the average listing price exceeds $1.6M.

Beacon Ridge is strategically positioned within Plymouth's northern corridor, providing convenient access to the Northwest employment hub and Medical Alley- the world's premier health technology cluster. Residents benefit from proximity to major employers including Boston Scientific, Abbott Laboratories, BAE Systems, Philips, Cargill, and General Mills. The location offers abundant retail, dining, and recreational amenities throughout Plymouth's established neighborhoods.

The community delivers worry-free living with professional lawn care and snow removal included, plus resort-style amenities featuring a pool, fitness center, and clubhouse. The 2020-built homes average 2,551 SF with modern farmhouse designs, stainless steel appliances, attached two and three car garages, and private backyards.

Beacon Ridge presents a compelling opportunity supported by Plymouth's elevated household incomes ($191,398 average) and family-oriented demographics. The property's unique positioning as a professionally managed built-to-rent community addresses under-supplied demand, positioning investors to capitalize on sustained rental growth and premium pricing relative to traditional apartment offerings.

JLL invites qualified investors to pursue this exceptional investment opportunity in one of the Twin Cities' most resilient residential markets- enhanced by assumable Freddie Mac financing providing attractive cash flow.

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Attributes

Number of units

Occupancy

97%

Year built

2020

Building area gross

8,770 m²

Media

Investment Highlights

Luxury Built-to-Rent Community with Exceptional Quality and Design

Opportunity to acquire an irreplaceable 37-home built-to-rent community featuring spacious floorplans averaging 2,551 square feet
Superior 2020 construction quality with modern farmhouse designs and premium finishes
Top-tier amenity package including a resort-style pool with outdoor lounge, 24-hour fitness center, clubhouse, gaming lawn, dog park, and Northwest Greenway Trail access
Luxury home finishes with white shaker-style cabinetry, granite countertops, stainless steel appliances, wood-style flooring, two and three car garages, finished walkout basements, and private backyards
Maintenance-free lifestyle with professional lawn care and snow removal included, eliminating the burdens of homeownership

Premier Location with Unmatched Demographic Profile

Prime location in Plymouth, Minnesota's #1 Best Place to Live, with access to the award-winning Wayzata School District
Minutes from The Shoppes at Arbor Lakes, Medicine Lake, Medina Golf and Country Club, and Elm Creek Park Reserve
Demand drivers include proximity to Medical Alley - the world's premier health technology cluster - and major employers including Boston Scientific, Abbott Laboratories, Target North Campus, BAE Systems, Philips, Cargill, and General Mills
Average household income of $191,398 and average 2020+ vintage home listing price of $1,663,416 in Plymouth
Attainable monthly rents at a significant discount - $10,114 all-in homeownership payment for a comparable 2020+ home creating a 135% cost premium versus renting at Beacon Ridge

Compelling Market Fundamentals and Attractive Assumable Financing

Plymouth submarket has delivered 4.0% average annual rent growth over the past decade and is projected to achieve 4.4% rent CAGR over the next five years
Since 2010, Plymouth household formation growth of 5,044 has vastly outpaced the 891 market-rate rental homes delivered
Currently, there are only 472 units under construction citywide, and stabilized 2020+ vintage comps are averaging 95% occupancy
Rare opportunity to assume below-market Freddie Mac debt, enhancing cash flow and overall investment returns
Potential opportunity to achieve a rent premium by creating fenced yards or furnished units, as proven at comparable Watermark communities