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The Gardner School of Plymouth 18265 45th Ave N 11,500 SF Retail Building Plymouth, MN 55446 $11,466,087 CAD ($997.05 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand-new 20-year absolute net lease featuring 10% rental increases every 5 years, making this a truly “hands-off” investment
- 2025 build-to-suit construction to tenant’s latest prototype
- As of year end 2024, TGS held cash and cash equivalents of ~$9.8M and had global school level profit of $24.1M
- Corporate guaranty from tenant’s parent company – TGS Holdings, LLC
- Significant frontage on Highway 55 – 35,000+ VPD
- Extremely affluent parent demos – $200K average household incomes within a 1-mile radius of the subject property
EXECUTIVE SUMMARY
A 20-year absolute net Gardner School lease featuring 10% rental increases every 5 years and two, 5-year extension options. The subject property is located in Plymouth, MN – an extremely affluent Minneapolis suburb boasting average household incomes of $200K within a 1-mile radius.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
11,500 SF
Building Class
C
Year Built
2026
Construction Status
Under Construction
Price
$11,466,087 CAD
Price Per SF
$997.05 CAD
Cap Rate
7%
NOI
$802,654 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.60 AC
Frontage
212’ on 45th Ave N
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 18-118-22-12-0016 | Improvements Assessment | $0 CAD |
| Land Assessment | $126,392 CAD | Total Assessment | $126,392 CAD |
PROPERTY TAXES
Parcel Number
18-118-22-12-0016
Land Assessment
$126,392 CAD
Improvements Assessment
$0 CAD
Total Assessment
$126,392 CAD
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The Gardner School of Plymouth | 18265 45th Ave N
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