CLICK HERE TO COMPLETE THE CONFIDENTIALITY AGREEMENT
PROPERTY INFORMATION
Address: 10301 Lexington Avenue, Blaine, MN
Occupancy: 100%
Building Size: 9,461 SF
Parking Ratio: 5.28 per 1,000 SF
FINANCIAL SUMMARY
In-Place NOI (11/2017): $155,160
Cap Rate: 7.76%
Five Year Average Cash-on-Cash: 12.68%
INVESTMENT HIGHLIGHTS
SINGLE TENANT
A single tenant lease allows for easy management with the tenant responsible for reimbursement and the landlord responsible for real estate taxes and property maintenance, including a management fee.
LONG-TERM LEASE with ANNUAL RENT INCREASE
Nine (9) years remain on the lease with 2.5% annual minimum rental increases.
GREAT CASH FLOW
The year one leveraged cash-on-cash return is over 11% with the five-year average cash-on-cash return over 12.6%.
CORNER LOCATION AT MAIN RETAIL INTERCHANGE
The Property occupies a corner location at a signalized intersection in the area’s main retail hub. The Property’s ideal corner location makes it extremely desirable for years to come.
EXCEPTIONAL DEMOGRAPHICS
Average household incomes within a 3-mile radius of the Property are over $111,000.
INTERNATIONALLY RECOGNIZED BRAND
With offices in London, Toronto and Singapore, UFC produces live events that are broadcast in over 129 countries to nearly 800 million households worldwide, in 28 different languages. Having this hugely successful global brand tied to the boutique workout experience is a natural fit.
DEBT FREE
The Property is being delivered free and clear of existing debt, allowing investors to size their loan to fit their need and take advantage of historically low interest rates.
CLICK HERE TO COMPLETE THE CONFIDENTIALITY AGREEMENT
