Goodwill - Saint Louis Park, MN_Actifs en vente
Goodwill - Saint Louis Park, MN_Actifs en vente
3575 MN-100, Saint Louis Park, MN, 55416, US

Goodwill - Saint Louis Park, MN

Description de l'actif

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in Goodwill (the “Property”) located at 3575 MN-100 in Saint Louis Park, MN. This 17,636 SF build-to-suit retail building is located directly across the street from Target and is surrounded by new multi-family development. Goodwill recently signed a 10-year extension, bringing the total remaining term to 11 years and signaling the tenant's commitment to this location.


The tenant, Goodwill Easter-Seals Minnesota (GESMN), is a 501(c)3 nonprofit that offers job training and customized career support to eliminate barriers to work and independence. GESMN has been operating since its founding in 1919 and had over $116 million in revenue in 2021. With over 2,000 employees and 45 retail locations, GESMN is an established, well respected organization within the state.


The property is ideally situated directly across the street from Target and is nearby several other traffic drivers such as Lunds & Byerlys and Burlington. Within walking distance, there has been multiple luxury apartments constructed in the last decade, most notably, the 2023 deliveries of Risor (250 units) and Corsa (170 units). The property also benefits from its strategic positioning along MN-100, which carries an impressive 127,000 VPD in the area. Within a three mile radius, the average household income is over $152,000 and is projected to grow at an annual rate of 2.4%.

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Caractéristiques de l'actif

Prix attendu
4 861 000 €
Surface de l'actif brut
1 638 m²
Occupation
100 %
Année de construction
2013
Taux de capitalisation
6,35 %
Revenu net
309 000 €

Média

Points clés d'investissement

SINGLE TENANT NET LEASE WITH 11 YEARS REMAINING

• The property is occupied by a single tenant on a net lease, minimizing landlord responsibilities.

• The tenant has recently signed to a 10-year extension, securing cash flows for the property for years to come and signaling commitment to the site


ESTABLISHED ORGANIZATION WITH INTERNATIONAL BRAND

• Goodwill Easter-Seals Minnesota has been operating since its founding in 1919 and had over $116 million in revenue in 2021

• The organization employs over 2,000 people and handled 75 million donated items last year through their 45 local retail stores, 3 outlets, e-commerce, and aftermarket operations


COMMERCIAL CORRIDOR INCLUDING TARGET AND HUNDREDS OF UNITS OF APARTMENT DELIVERIES THIS YEAR

• The property is ideally situated directly across the street from Target and is nearby several other traffic drivers such as Lunds & Byerlys and Burlington

• Within walking distance, there has been multiple luxury apartments constructed in the last decade, most notably, the 2023 deliveries of Risor (250 units) and Corsa (170 units)


PROXIMITY TO MAJOR ROADWAYS

• The property is located on MN-100, which carries an impressive 127,000 vehicles per day (VPD) and is a major arterial roadway for the Twin Cities

• The property also benefits to its proximity to MN-7, which carries about 22,000 VPD in the area


AFFLUENT AND DENSE DEMOGRAPHICS

• Within a three mile radius, the average household income is over $152,000 and is projected to grow at an annual rate of 2.4%

• Within the same radius, there are nearly 130,000 people, and 71.3% of the population holds a bachelor's degree or higher

Goodwill - Saint Louis Park, MN 4_Actifs en vente

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Goodwill - Saint Louis Park, MN (0 actifs)
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Dernière mise à jour
4 avr. 2024