11201 Fountains Dr N - Freestanding FOR SALE


Maple Grove, MN 55369
$12,575,000 USD
404-441-3849
11201 Fountains Dr N, Maple Grove, MN for Sale
$12,575,000 USD
Freestanding - FOR SALE
1/13
null | 5.65% Cap Rate

11201 Fountains Dr N
Maple Grove, MN 55369


HIGHLIGHTS

  • By visits, this Maple Grove location ranks among the top 30% throughout Minnesota, according to Placer.ai.
  • Anchor to 510,985 SF The Fountains at Arbor Lakes Power Center
  • Recently-Extended NNN Ground Lease with Corporate Guaranty
  • 7.1 MSF of retail, 3.4 MSF of office, 20.8 MSF of industrial and 6,229 multifamily units within a 3-mile radius
  • 12 miles northwest of Downtown Minneapolis

OVERVIEW

CBRE is pleased to exclusively offer for sale the 137,933-square-foot Lowe’s Home Improvement situated on 12.26 acres in Maple Grove, MN—a component of Greater Minneapolis (MSA Population: 3.8M). Originally set to expire in 2026, Lowe’s agreed to extend the lease through 2038 and features ±13.2 years of term remaining. Additionally, the lease features a corporate guaranty from Lowe’s Companies, Inc. (S&P: BBB+) and 5% rent increases in the ten, 5-year renewal options. Built in 2006, Lowe’s is an anchor to The Fountains at Arbor Lakes power center, which is also home to Costco, Dick’s Sporting Goods, Marshalls, HomeGoods, REI, PetSmart, Ethan Allen, Dave & Buster’s, OfficeMax, Holiday Inn & Suites (136 rooms), Courtyard (115 rooms), and more.

FOR SALE DETAILS

PRICE

$12,575,000 USD

PRICE/SF

$91 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lowe's Home Improvement: Maple Grove, MN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

591

LAND DETAILS

LAND ACRES

12.26 AC

LAND SF

534,046 SF

ZONING

-

APN/PARCEL ID

26-119-22-14-0010

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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Christopher BosworthCBRE, Inc.More Info
404-441-3849

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