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Office Golf | Bloomington, MN

$8,950,000

7807 Creekridge Circle, Bloomington, MN 55438

Active
Last Updated: 03/28/2025

9.5

Cap Rate

850,000

NOI

Details:
Cap Rate:    9.5%
NOI:    $850,000
Building Size:    42,303 sqft
Lot Area:    1.83 acres
Occupancy:    100%
Class:    B
Year Built:    1983
Floors:    3
Parking Spots:    164
Description:

Absolute NNN Master Lease -
This property features an absolute NNN lease with zero landlord responsibilities, a fresh 7-year lease (executed at closing), and annual rent bumps. Office Golf comprises most of the footprint - additional subtenants include a golf academy and a variety of other small creative office spaces.

Upgraded Building -
The building was transformed in 2023 with extensive amenities and improvements. The property is anchored by a year-round golf-entertainment-event venue; led by a top-tier team of golf professionals. Experience the unique experience that Minnesota has truly welcomed and supported. Other features include a large conference room, executive professional suites, an on-site restaurant, three different bars, a 3-story atrium, & underground parking.

Evolving Office Market -
The shift toward smaller, more flexible office spaces with added amenities continues to shape tenant preferences. This property aligns well with current market trends, offering a right-sized footprint, an easily accessible location, ample on-site parking, and proximity to numerous amenities, making it an attractive option for a variety of tenants.

Premier Location with Exceptional Visibility -
Situated just off Interstate 494, this property enjoys high visibility from one of the Twin Cities' busiest thoroughfares. Positioned in a highly populated area with nearly 900,000 residents within a 10-mile radius, it offers strong market demographics and sits near vibrant retail hubs along the I-494 corridor.

Well-Connected and Accessible -
The property is minutes from key highways including highways 100, 169, and I-494., ensuring quick access to downtown Minneapolis, the greater metro area, and beyond. The property is also conveniently located just 10 minutes from the Minneapolis-St. Paul International Airport (MSP).

Numerous Amenities Nearby -
The property is within a short distance of shopping centers, hotels, restaurants, and entertainment venues, including the world-renowned Mall of America. The surrounding area supports a wide range of business needs, from dining and lodging to retail and recreation.

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