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The Gardner School

$8,214,000

18265 45th Avenue North, Minneapolis, MN 55446

Active
Last Updated: 10/17/2025

7

Cap Rate

575,000

NOI

Details:
Cap Rate:    7%
NOI:    $575,000
Building Size:    11,500 sqft
Lot Area:    1.6 acres
Lease Type:    Absolute Net
Year Built:    2025
Tenancy:    Single
Highlights:
  • Brand-new 20-year lease featuring 10% rental increases every 5 years
  • Corporate guaranty from tenant’s parent company – TGS Holdings, LLC
  • Absolute net lease structure making this a truly “hands-off” investment
  • 2025 build-to-suit construction to tenant’s latest prototype
  • Significant frontage on Highway 55 – 35,000+ VPD
  • As of year end 2024, TGS held cash and cash equivalents of ~$9.8M and had global school level profit of $24.1M
  • Extremely affluent parent demos – $200K average household incomes within a 1-mile radius of the subject property
Description:

A 20-year absolute net Gardner School lease featuring 10% rental increases every 5 years and two, 5-year extension options. The subject property is located in Plymouth, MN – an extremely affluent Minneapolis suburb boasting average household incomes of $200K within a 1-mile radius.

Map:
Documents:
Title
TheGardnerSchool_PlymouthMN.pdf
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Location
Gallery