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Sky Zone Trampoline Park | Blaine, MN 198 NE Northtown Dr 30,449 SF Retail Building Blaine, MN 55434 $4,909,617 CAD ($161.24 CAD/SF) 9.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Retail Location
- Strong Demographics and Growing Population
- Strong, Established Tenant
- High Visibility & Easy Access
- Recently Updated Building
EXECUTIVE SUMMARY
Prime Retail Location -
Sky Zone is a prominent outparcel of Northtown Mall, the premier shopping destination in Blaine and part of the Minneapolis–St. Paul–Bloomington, MN–WI Metropolitan Area. Northtown Mall ranks in the top 75th percentile of regional malls nationwide, reinforcing the area's status as a retail hub. The Northtown submarket boasts strong retail demand, with a remarkably low vacancy rate of just 1.9%, and general retail vacancies at only 0.5%.
High Visibility & Easy Access -
The property enjoys exceptional access and visibility, positioned at the signalized intersection of Highway 47 (31,500 VPD) and 85th Ave NW (15,600 VPD). Additionally, it is near major Twin Cities thoroughfares, including Highway 65 (58,000 VPD) and US-10 (97,105 VPD), ensuring strong connectivity and traffic flow.
Strong Demographics and Growing Population -
Located just 13 miles north of Minneapolis, Blaine is a thriving Twin Cities suburb experiencing steady population growth and strong demographics. Consistently ranking among the top cities for new home construction, Blaine has also been recognized as one of Money Magazine’s Top 100 Best Places to Live. The area within a five-mile radius of the property has a population exceeding 228,000, with an average household income of over $101,000.
Recently Updated Building -
Renovated to meet tenant specifications, the building offers excellent visibility and ample parking. Sky Zone holds roof and structural responsibility and installed a brand-new thermoplastic polyolefin (TPO) roof in 2019, ensuring long-term durability.
Strong, Established Tenant -
Sky Zone is the premier leader in indoor active entertainment in the United States, with over 260 parks owned, operated, and franchised nationwide. Founded in 2004 as the first trampoline park of its kind, the brand has evolved into a top destination for active play, offering its 500,000+ members more than 60 exciting attractions.
Sky Zone is a prominent outparcel of Northtown Mall, the premier shopping destination in Blaine and part of the Minneapolis–St. Paul–Bloomington, MN–WI Metropolitan Area. Northtown Mall ranks in the top 75th percentile of regional malls nationwide, reinforcing the area's status as a retail hub. The Northtown submarket boasts strong retail demand, with a remarkably low vacancy rate of just 1.9%, and general retail vacancies at only 0.5%.
High Visibility & Easy Access -
The property enjoys exceptional access and visibility, positioned at the signalized intersection of Highway 47 (31,500 VPD) and 85th Ave NW (15,600 VPD). Additionally, it is near major Twin Cities thoroughfares, including Highway 65 (58,000 VPD) and US-10 (97,105 VPD), ensuring strong connectivity and traffic flow.
Strong Demographics and Growing Population -
Located just 13 miles north of Minneapolis, Blaine is a thriving Twin Cities suburb experiencing steady population growth and strong demographics. Consistently ranking among the top cities for new home construction, Blaine has also been recognized as one of Money Magazine’s Top 100 Best Places to Live. The area within a five-mile radius of the property has a population exceeding 228,000, with an average household income of over $101,000.
Recently Updated Building -
Renovated to meet tenant specifications, the building offers excellent visibility and ample parking. Sky Zone holds roof and structural responsibility and installed a brand-new thermoplastic polyolefin (TPO) roof in 2019, ensuring long-term durability.
Strong, Established Tenant -
Sky Zone is the premier leader in indoor active entertainment in the United States, with over 260 parks owned, operated, and franchised nationwide. Founded in 2004 as the first trampoline park of its kind, the brand has evolved into a top destination for active play, offering its 500,000+ members more than 60 exciting attractions.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
30,449 SF
Building Class
C
Year Built/Renovated
1972/2019
Price
$4,909,617 CAD
Price Per SF
$161.24 CAD
Cap Rate
9.25%
NOI
$454,140 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
2.00 AC
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
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Sky Zone Trampoline Park | Blaine, MN | 198 NE Northtown Dr
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