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5512 Brooklyn Blvd
Minneapolis, MN 55429
Starbucks · Retail Property For Sale
Investment Highlights
- Corporate Lease: Starbucks is on a Corporate, NN lease with approximately 4 years remaining on the lease term.
- Strong Demographics: The site benefits from a 5-mile population of approximately 323,199 residents with an average household income of $104,653.
- Corporate National Tenant: Starbucks is one of the most recognized and creditworthy brands in the quick-service coffee industry.
- Starbucks is strategically positioned along Brooklyn Boulevard with 23,700+ vehicles per day, and offers convenient access to major routes.
- Seasoned Location: Starbucks has successfully operated at this site for over 20 years.
Executive Summary
Net, Net. Landlord is responsible for maintaining, repairing and replacing roof and structure.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,650 SF
Building Class
B
Year Built
2005
Price
$1,899,450 CAD
Price Per SF
$1,151.18 CAD
Cap Rate
5.50%
NOI
$104,470 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.42 AC
Parking
20 Spaces (12.12 Spaces per 1,000 SF Leased)
Frontage
157’ on Brooklyn Blvd
Amenities
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 03-118-21-41-0016 | Improvements Assessment | $891,111 CAD |
| Land Assessment | $392,259 CAD | Total Assessment | $1,283,371 CAD |
Property Taxes
Parcel Number
03-118-21-41-0016
Land Assessment
$392,259 CAD
Improvements Assessment
$891,111 CAD
Total Assessment
$1,283,371 CAD
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