Northpark Village
US - Lubbock, TX
9 470 000 € | 6 548 m²
Description de l'actif
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the fee-simple interest in Miller Hill Crossroads located in Duluth, Minnesota. The center was constructed in 2018 and features a Starbucks drive-thru and patio space. The property is 100% leased by Starbucks, UCare, and Aspen Dental and features a WALT of over 6 years. UCare recently signed a lease for the middle suite for 10 years, securing the investment for years to come. The property is ideally situated on MN-194, a highly travelled roadway that links Duluth to the rest of Minnesota. The property benefits from high traffic exposure and visibility from this major roadway. This triple net investment presents a unique opportunity to obtain a strong income stream from reliable tenants.
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Caractéristiques de l'actif
Prix attendu
3 607 000 €
Surface de l'actif brut
723 m²
Occupation
100,00 %
Année de construction
2018
Taux de capitalisation
6,50 %
Revenu net
235 000 €
Média
Points clés d'investissement
Multi-Tenant Net Lease Center with Starbucks Drive-Thru
- The property is occupied by three tenants, all of which are on NNN leases
- The building, built in 2018, includes a drive-thru and patio space for the Starbucks suite
73% Medical Office Tenancy
- Aspen Dental and UCare Minnesota together occupy 73% of the building's rentable area
- UCare recently signed a 10 year lease for the middle suite, generally the most difficult space to lease
High Visibility on Signalized Intersection
- The property is well positioned on the signalized corner of MN-194 and W Myrtle St
- The site benefits from a clear, unobstructed view from the highway
High-Quality Tenants
- This investment is secured by brand-name tenants that each have decades of proven operating success
- Starbucks in particular boasts an investment grade credit rating and is considered the gold standard for quick service retail
Contacter l'équipe
Miller Hill Crossroads (0 actifs)
JLL peut vous accompagner dans le financement et la gestion de votre portefeuille. Contactez-nous pour découvrir comment nous pouvons vous aider.
Dernière mise à jour
15 mai 2023
