Asking Price
Area Size
NOI Net Operating Income
NIY

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2012
Building Area Gross
Occupancy 100.0 %

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the fee-simple interest in a single-tenant retail property located in Stillwater, MN within the Minneapolis-St. Paul MSA. The tenant, Goodwill Easter-Seals Minnesota, is a 501(c)3 nonprofit that offers job training and customized career support. The property is fully occupied with over 10 years remaining on the tenant's lease. This triple net investment presents a unique opportunity to obtain steady, reliable cash flows while having minimal management responsibilities with the net lease structure. 

Investment Highlights

SINGLE-TENANT NET LEASE WITH OVER 10 YEARS REMAINING

Goodwill recently renewed bringing the lease term to 10+years remaining. The lease obligates the tenant to pay for all expenses involving the property including reimbursement for capital expenditures

ADDITIONAL INCOME FROM PASS-THROUGH MANAGEMENT FEE

The lease obligates the tenant to reimburse for management fees equal to 4% of base revenue

RESPECTED BRAND WITH HISTORY OF SUCCESS

Goodwill Easter-Seals Minnesota has been serving the Minnesota community since 1919 and has a proven history of financial stability

LOCATED IN PRIMARY RETAIL TRADE AREA

Goodwill is along the Madison Avenue corridor. The trade area is home to all major retailers, including Target, Walmart, HyVee, and the River Hills Mall

Last Updated Date: 29 Sep 2022

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Last Updated Date: 29 Sep 2022

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