Einzelhandel

Golf Galaxy & Central + Priority Pediatrics - Roseville

2436-2440 Cleveland Ave, Roseville, MN, 55113, US

Golf Galaxy & Central + Priority Pediatrics - Roseville_Immobilie zu verkaufen

Galerie

Golf Galaxy & Central + Priority Pediatrics - Roseville 2_Immobilie zu verkaufen

Objektbeschreibung

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the fee-simple interest in Golf Galaxy & Central + Priority Pediatrics. This dual-tenant property features Golf Galaxy, a subsidiary of Dick's Sporting Goods, and Central + Priority Pediatrics, which has been serving the Twin Cities for over 75 years. Golf Galaxy has recently signed a three year extension which features a full corporate guarantee from Dick's Sporting Goods (S&P: BBB).


The property is situated within a retail-dense submarket of Roseville, located in the Minneapolis - Saint Paul MSA. The area also boasts an affluent consumer base and high population density. This triple net investment presents a unique opportunity to obtain a strong income stream from an investment secured by a credit tenant and a medical office tenant.

Eigenschaften

Angebotspreis
5.335.000 €
Gebäudefläche Brutto
2.787 m²
Vermietungsstand
100,00 %
Baujahr
1997
Cap Rate
7,25 %
NOI
387.000 €

Investment-Highlights

INFILL RETAIL IN HIGHLY DEMANDED SUBMARKET OF ROSEVILLE

  • Roseville is a retail hub for the Twin Cities, and the immediate area surrounding the property is particularly in demand by retailers
  • Rosedale Center, the mall across the street from the property, and nearby centers feature numerous national retailers such as an Apple store, Walmart, Target, Total Wine, and a soon to be delivered Shake Shack

 

DICK'S SPORTING GOODS CORPORATE GUARANTY

  • Dick's Sporting Goods, Inc. (NYSE: DKS), boasting an investment-grade credit rating (S&P: BBB), fully guarantees Golf Galaxy's lease
  • Golf Galaxy, a subsidiary of Dick's Sporting Goods, has a national presence with nearly 100 locations across the United States

 

MEDICAL OFFICE TENANT WITH DECADES OF OPERATING SUCCESS

  • Central + Priority Pediatrics has been serving the Twin Cities for over 75 years
  • This medical office aspect to the property diversifies the investment, lowering the risk profile

 

CLOSE PROXIMITY TO ARTERIAL ROADWAYS

  • The site is located directly adjacent to the junction of two of Minnesota's most highly traveled thoroughfares: I-35W and MN-36
  • The property is easily visible from I-35W and is accessible from both roadways by nearby exits
Golf Galaxy & Central + Priority Pediatrics - Roseville 4_Immobilie zu verkaufen

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Zuletzt aktualisiert
29. Jan. 2023