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Dog Daycare, Boarding & Grooming School/Salon 12260 S Margo Ave 13 580 pi² 100% Loué Local d'activités Immeuble Hastings, MN 55033 2 922 202 $ CAD (215,18 $ CAD/pi²) 7,50% Taux de capitalisation
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Faits saillants de l'investissement
- Complementary Dual-Tenant Use
- Market-Leading Tenants with Proven Stability
- Strong & Growing Demographics
- Long-Term NNN Lease
- Functional Flex Building with Recent Renovations
- E-Commerce Resistant Tenancy
Résumé de l'annonce
Complementary Dual-Tenant Use –
Two tenants with aligned uses that efficiently utilize the space and operate cohesively, complementing each other's business.
Growing Industry –
U.S. pet daycare market valued at $1.7B in 2024 and projected to reach $3.9B by 2034 (8.6% CAGR).
Long-Term NNN Lease –
Both tenants have 8+ years remaining on their leases with 2% annual rent increases and minimal landlord responsibilities.
Market-Leading Tenants with Proven Stability –
Barks & Rec is the only full-service dog daycare and boarding business in the immediate area, featuring the most indoor and outdoor space for dogs to play in the South Metro, and the brand also operates two additional Twin Cities locations. Rio Grooming School & Salon is known nationally for the size and quality of its grooming school, as well as providing top-of-market grooming services directly to the public. The facility has operated as a dog-centric asset to the community for over 12 years, providing long-term stability.
Strategic Location & Access –
Located in the growing suburb of Hastings with direct access to Highway 10, offering convenient connectivity to the Twin Cities metro and exposure to over 34,000 VPD.
Functional Flex Building with Recent Renovations –
±13,580 SF building with adaptable layout and 6 large dock doors. Additionally, both tenants have made significant financial improvements to their space, specifically Barks & Rec who made over $300k in improvements in 2024.
Strong & Growing Demographics –
The property is supported by a growing population with approximately 36,757 people within a 5-mile radius and an average household income of $118,619.
E-Commerce Resistant Tenancy –
Dog daycare and boarding facility complemented by an on-site grooming school and salon, collectively driving consistent, recurring in-person demand.
Two tenants with aligned uses that efficiently utilize the space and operate cohesively, complementing each other's business.
Growing Industry –
U.S. pet daycare market valued at $1.7B in 2024 and projected to reach $3.9B by 2034 (8.6% CAGR).
Long-Term NNN Lease –
Both tenants have 8+ years remaining on their leases with 2% annual rent increases and minimal landlord responsibilities.
Market-Leading Tenants with Proven Stability –
Barks & Rec is the only full-service dog daycare and boarding business in the immediate area, featuring the most indoor and outdoor space for dogs to play in the South Metro, and the brand also operates two additional Twin Cities locations. Rio Grooming School & Salon is known nationally for the size and quality of its grooming school, as well as providing top-of-market grooming services directly to the public. The facility has operated as a dog-centric asset to the community for over 12 years, providing long-term stability.
Strategic Location & Access –
Located in the growing suburb of Hastings with direct access to Highway 10, offering convenient connectivity to the Twin Cities metro and exposure to over 34,000 VPD.
Functional Flex Building with Recent Renovations –
±13,580 SF building with adaptable layout and 6 large dock doors. Additionally, both tenants have made significant financial improvements to their space, specifically Barks & Rec who made over $300k in improvements in 2024.
Strong & Growing Demographics –
The property is supported by a growing population with approximately 36,757 people within a 5-mile radius and an average household income of $118,619.
E-Commerce Resistant Tenancy –
Dog daycare and boarding facility complemented by an on-site grooming school and salon, collectively driving consistent, recurring in-person demand.
Faits sur la propriété
| Prix | 2 922 202 $ CAD | Classe d’immeuble | B |
| Prix par pi² | 215,18 $ CAD | Taille du lot | 6,74 AC |
| Type de vente | Investissement pour loyer hypernet | Aire du bâtiment louable | 13 580 pi² |
| Taux de capitalisation | 7,50% | Nombre d’étages | 1 |
| Type de propriété | Local d'activités | Année de construction | 2002 |
| Sous-type de propriété | Showroom | Ratio de stationnement | 2,15/1 000 pi² |
| Zonage | Commercial/Industrial | ||
| Prix | 2 922 202 $ CAD |
| Prix par pi² | 215,18 $ CAD |
| Type de vente | Investissement pour loyer hypernet |
| Taux de capitalisation | 7,50% |
| Type de propriété | Local d'activités |
| Sous-type de propriété | Showroom |
| Classe d’immeuble | B |
| Taille du lot | 6,74 AC |
| Aire du bâtiment louable | 13 580 pi² |
| Nombre d’étages | 1 |
| Année de construction | 2002 |
| Ratio de stationnement | 2,15/1 000 pi² |
| Zonage | Commercial/Industrial |
1 1
Plutôt praticable à pied
20/100
Exceptionnellement facile d’accès en voiture
100/100
Assez praticable en vélo
30/100
Impôts fonciers
| Numéro de lot | 06-026-20-23-0004 | Évaluation des bâtiments | 1 527 676 $ CAD |
| Évaluation du terrain | 412 955 $ CAD | Évaluation totale | 1 940 631 $ CAD |
Impôts fonciers
Numéro de lot
06-026-20-23-0004
Évaluation du terrain
412 955 $ CAD
Évaluation des bâtiments
1 527 676 $ CAD
Évaluation totale
1 940 631 $ CAD
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Dog Daycare, Boarding & Grooming School/Salon | 12260 S Margo Ave
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