13375 60th St N - Retail FOR SALE


Stillwater, MN 55082- Washington Far Eastern Suburbs
$1,500,000 USD
773-562-6999
13375 60th St N, Stillwater, MN for Sale
$1,500,000 USD
Retail - FOR SALE
1/6
null | 6% Cap Rate


HIGHLIGHTS

  • Newly constructed single-tenant 7 Brew Coffee location.
  • Attractive 10% rent increases every five years throughout the initial and option periods
  • Excellent visibility along Highway 36 with approximately 38,742 vehicles per day.
  • Located in a market projected to experience continued population growth through 2030.

OVERVIEW

13375 60th Street North is a newly constructed, single-tenant net lease investment occupied by 7 Brew Coffee within The Shoppes of Oak Park Heights in Oak Park Heights, Minnesota. The property is secured by a new 15-year Absolute NNN ground lease with zero landlord responsibilities and features 10% rental increases every five years throughout the initial term and option periods. The investment benefits from a strategic location along Highway 36 within the dominant retail corridor serving the eastern Twin Cities and western Wisconsin markets. Surrounded by numerous national retailers and strong consumer traffic generators, the property offers investors stable passive income, long-term lease security, and exposure to one of the nation's fastest-growing drive-thru beverage concepts.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$2,941 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

-

APN/PARCEL ID

05-029-20-21-0038

ASK ABOUT THIS PROPERTY

Andrew WatsonTranswestern Commercial ServicesMore Info
773-562-6999

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Andrew WatsonTranswestern Commercial ServicesMore Info
773-562-6999

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