6133 Baker Rd
Minnetonka, MN 55345
West Minnetonka
HIGHLIGHTS
- Adogo Pet Hotel has 6 years remaining on the Lease with 2% annual increases.
- Conveniently located in Minnetonka, MN off two major highways, I-494 with 97,864 vehicles per day and Highway 62 with 28,361 vehicles per day.
- Strong demographics with an average household income over $151,000 within a 1-mile radius and daytime population of 98,000 within a 3-mile radius.
- Adogo Pet Hotel offers 5 indoor and 2 outdoor play areas (including water fountains), a professional grooming service, and custom designed rooms.
- Nearby tenants include United Healthcare, Optum, Carlson Companies, Michael Foods, Children’s ENT, Lifetime Fitness, and more.
OVERVIEW
Landlord responsible for repair and replacement of roof and structure. Tenant responsible for nonstructural repairs to building including roof repairs up to $7,000 per year. Personal Guaranty: Principal $200,000.
Second floor: Suites for over nights & dog training areas.
Tenant has recently replaced a fence & outdoor carpet (approximately $70k).
FOR SALE DETAILS
PRICE
$2,272,800 USD
PRICE/SF
$135 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Adogo Pet Hotel
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1985
SPRINKLERS
-
PARKING SPACES
55
LAND DETAILS
LAND ACRES
1.05 AC
LAND SF
45,738 SF
ZONING
Commercial
APN/PARCEL ID
03-116-22-12-0437,34-117-22-44-0016
ASK ABOUT THIS PROPERTY
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612-332-6600
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612-332-6600
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