13632-13660 Crosstown Blvd NW - Storefront FOR SALE
Andover, MN 55304 |
$6,090,000 USD
844-585-7682
13632-13660 Crosstown Blvd NW
Andover, MN 55304
HIGHLIGHTS
- New-Construction Two-Tenant Chipotle and Starbucks at Clocktower Commons (Two Freestanding Drive-Thru Buildings)
- Corporate Chipotle With Drive-Thru (NYSE: CMG): New 15-Year NNN Lease
- 10% Increases Every 5 Years During the Base Term and Each of the Four 5-Year Options
- Corporate Lease (NYSE: CMG); Over 3,800 Stores in the U.S., Canada, France, Germany, and the United Kingdom
- Corporate Starbucks With Drive-Thru (NASDAQ: SBUX; S&P: BBB+): New 12-Year Lease
- 10% Rental Increase in Year 6, and Each of the Four 5-Year Options
FOR SALE DETAILS
PRICE
$6,090,000 USD
PRICE/SF
$557 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Clocktower Commons | Andover, MN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
50
LAND DETAILS
LAND ACRES
2.06 AC
LAND SF
89,734 SF
ZONING
Commercial
APN/PARCEL ID
23-32-24-32-0025
ASK ABOUT THIS PROPERTY
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844-585-7682
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844-585-7682
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