Holiday Champlin
$5,825,000
11430 Jefferson Ct, Champlin, MN 55316
8,797 sqft
Building Size
1.59 acres
Lot Area
Details:
Highlights:
- 10-Year Absolute NNN Lease
- Established Operator with significant Gas/Convenience store experience
- Well maintained storefront constructed in 2002
- Highly Visible along Highway 169
- Car Wash and vehicle detailing station
- Excellent Ingress & Egress
- Strong Population in 3, 5 and 10 mile radius
Description:
Holiday Champlin is an opportunity to acquire the fee simple interest in the real estate and improvements; subject to an Absolute Net-Lease to an established and highly reputable gas/convenience store operator for a term of 10+ years, expiring December 31, 2035. The terms of the lease require the tenant to cover the cost of all real estate taxes, insurance, property repair and maintenance, and the total replacement cost of all building and structural elements, parking lot, gas tanks, and other equipment. The lease structure is advantageous for an investor seeking long-term, predictable income. An investor may also benefit from other tax advantages, including up to 100% Bonus Deprecation.
Located at the northwest intersection of Highway 169 and Elm Creek Parkway in Champlin, MN. The property is surrounded by other well-recognized commercial retailers including Culver's, Starbucks, and Walgreens - each occupying a hard corner at the same intersection. Population within a 10-mile radius is nearing 600,000.
Lot 006 Block 001 Elm Creek Commons Lot 6 Except N 130.00 Ft Thof
Documents:
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| Holiday Champlin v4 Smaller File Size_6-8-22.pdf |
Location
