The Home Depot - Brooklyn Park, MN
$25,830,000
6701 Boone Avenue North, Brooklyn Park, MN 55428
For Sale
Retail
Active
Last Updated: 02/01/2024
6
Cap Rate
1,549,803
NOI
Details:
Cap Rate: 6%
NOI: $1,549,803
Building Size: 115,227 sqft
Lot Area: 9.95 sqft
Occupancy: 100%
Lease Type: Ground
Tenancy: Single
Lease Expire Year: 6/30/2027
Highlights:
- Absolute NNN Ground Lease: Lease is structured to be incredibly passive with no landlord responsibilities.
- Recent Lease Extension: Tenant executed a five-year extension through June 30, 2027, showing commitment to the site.
- Large, Growing Suburb: With a population of more than 86,000 people, Brooklyn Park is the sixth-largest city in Minnesota and the fourth-largest in the Twin Cities metropolitan area.
- Prime Location: With strong demographics, the subject property benefits from high visibility from Interstate 94/694 with over 117,000 vehicles per day. It is easily accessible at the Boone Avenue exit just east of U.S. 169. The store serves as the busy anchor of Park Place Centre, a rising shopping center featuring popular 4 Wheel Parts.
Documents:
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Home_Depot_Brooklyn_Park_OM_Jan2024.pdf
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Location
Gallery
