12325 Highway 55 - Day Care Center FOR SALE


Plymouth, MN 55441- Medicine Lake
$6,571,000 USD
214-560-6900
12325 Highway 55, Plymouth, MN for Sale
$6,571,000 USD
Day Care Center - FOR SALE
1/8
null | 7.26% Cap Rate

12325 Highway 55
Plymouth, MN 55441
Medicine Lake


HIGHLIGHTS

  • Corporate Signed Lease | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Prime Location | Proximity to Minneapolis and Large Employers
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Little Newton’s investment property located in Plymouth, Minnesota. The tenant, Little Newton’s, will sign an early extension at the close of escrow, bringing the term remaining to over 12 years with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual rental increases throughout the initial term and throughout each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$6,571,000 USD

PRICE/SF

$107 USD /SF

CAP RATE

7.26%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Little Newton's | Annual Increases

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

125

LAND DETAILS

LAND ACRES

5.45 AC

LAND SF

237,402 SF

ZONING

RSF-1

APN/PARCEL ID

26-118-22-33-0040

ASK ABOUT THIS PROPERTY

Michael KaplanSRS Real Estate PartnersMore Info
214-560-6900

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Michael KaplanSRS Real Estate PartnersMore Info
214-560-6900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.