198 NE Northtown Dr - Freestanding FOR SALE


$3,779,063 USD
612-413-4200
198 NE Northtown Dr, Blaine, MN for Sale
$3,779,063 USD
Freestanding - FOR SALE
1/5
null | 8.75% Cap Rate


HIGHLIGHTS

  • Prime Retail Location
  • High Visibility & Easy Access
  • Strong Demographics and Growing Population
  • Recently Updated Building
  • Strong, Established Tenant

OVERVIEW

Prime Retail Location - Sky Zone is a prominent outparcel of Northtown Mall, the premier shopping destination in Blaine and part of the Minneapolis–St. Paul–Bloomington, MN–WI Metropolitan Area. Northtown Mall ranks in the top 75th percentile of regional malls nationwide, reinforcing the area's status as a retail hub. The Northtown submarket boasts strong retail demand, with a remarkably low vacancy rate of just 1.9%, and general retail vacancies at only 0.5%. High Visibility & Easy Access - The property enjoys exceptional access and visibility, positioned at the signalized intersection of Highway 47 (31,500 VPD) and 85th Ave NW (15,600 VPD). Additionally, it is near major Twin Cities thoroughfares, including Highway 65 (58,000 VPD) and US-10 (97,105 VPD), ensuring strong connectivity and traffic flow. Strong Demographics and Growing Population - Located just 13 miles north of Minneapolis, Blaine is a thriving Twin Cities suburb experiencing steady population growth and strong demographics. Consistently ranking among the top cities for new home construction, Blaine has also been recognized as one of Money Magazine’s Top 100 Best Places to Live. The area within a five-mile radius of the property has a population exceeding 228,000, with an average household income of over $101,000. Recently Updated Building - Renovated to meet tenant specifications, the building offers excellent visibility and ample parking. Sky Zone holds roof and structural responsibility and installed a brand-new thermoplastic polyolefin (TPO) roof in 2019, ensuring long-term durability. Strong, Established Tenant - Sky Zone is the premier leader in indoor active entertainment in the United States, with over 260 parks owned, operated, and franchised nationwide. Founded in 2004 as the first trampoline park of its kind, the brand has evolved into a top destination for active play, offering its 500,000+ members more than 60 exciting attractions.

FOR SALE DETAILS

PRICE

$3,779,063 USD

PRICE/SF

$124 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sky Zone Trampoline Park | Blaine, MN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

-

APN/PARCEL ID

31-31-23-33-0004

ASK ABOUT THIS PROPERTY

Brian BriskyBrisky Net LeaseMore Info
612-413-4200

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Brian BriskyBrisky Net LeaseMore Info
612-413-4200

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