4343 Nicollet Ave - Funeral Home FOR SALE
Minneapolis, MN 55409 |
4343 Nicollet Ave
Minneapolis, MN 55409
HIGHLIGHTS
- The property is leased to a single tenant on an absolute NNN lease, which has over 8 years of term remaining and features annual rent escalations
- The lease is signed directly with FPG Intermediate Holdco, LLC, the holding company for all of Foundation Partner Group’s (FPG) subsidiaries
- FPG had over $223 million in revenue in 2022 and serves more than 150,000 families annually across 260 locations in 21 states
- The property sits less than a quarter-mile from I-35W, which carries approximately 200,000 VPD
- Within a three-mile radius, with the average household income and population are over $122,000 and over 220,000, respectively
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Foundation Partners Group
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Funeral Home
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
11250
STORIES
2
YEAR BUILT
1955
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
10-028-24-42-0082
