Rasmussen University - Brooklyn Park, MN

JLL is pleased to offer for sale the fee-simple interest in a Rasmussen University building located at 5555 96th Ave N, Brooklyn Park, MN, within the Twin Cities MSA ("Property" or the "Asset"). With a NNN lease in place, the Rasmussen University (the “Tenant”) has 7.7 years of lease term remaining with 3.0% annual rent increases, and two, 5-year renewal options at fair market rent.

The Rasmussen University – Hennepin/Anoka Campus, a 2022 build-to-suit, is the largest Rasmussen campus in the Twin Cities area. It offers online programs across seven study areas and serves as an on-campus base for nursing and health sciences programs. The campus features high-tech facilities, including large classrooms, new computers, quiet study spaces, and specialized labs for nursing, physical therapy, medical assisting, and surgical technology. With proximity to healthcare facilities and restaurants, the campus provides a supportive learning environment where students can interact with professors and peers while accessing state-of-the-art resources for their education.

The Property is located in a well-connected corridor along Hwy 610 (50K VPD) that includes Target’s Northern Campus, an 8-building development that totals to 1.6M SF. The surrounding 1-mile radius is highly affluent, with over $140K average household income. The area is one of the most affluent in the Twin Cities and has seen significant development over the last decade.