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This exceptional investment opportunity presents a 5,487 square foot, multi-tenant retail property in Blaine, Minnesota, boasting a 6.00% cap rate and a strong NOI of $179,485. The property is 100% occupied by two established national brands: Five Guys and Crisp & Green, ensuring consistent cash flow. Crisp & Green's lease includes a 2.00% annual rent increase over the remaining 6 years and 10 months, while Five Guys' lease features 5.00% rent increases every 5 years with 7 years and 4 months remaining. The Five Guys tenant, North Star Dining MN, LLC, operates 18 locations, and Crisp & Green's tenant, Slinging Green, LLC, operates 2. Strategically located on Highway 65, the property benefits from an average daily traffic count of 54,642 vehicles. This prime location is surrounded by a robust retail environment, including Super Target, Menards, Planet Fitness, and other major retailers. The property's strong demographics are highlighted by a population of 181,548 within a 5-mile radius and an average household income of $114,563. Its proximity to the National Sports Center, a major North American amateur sports complex attracting over 4 million visitors annually, and the TPC Twin Cities Golf Course, home to a PGA Champions Tour event, further enhances its appeal. Built in 2021, this 1.23-acre property offers a secure and profitable investment opportunity in a thriving Minnesota market. The property's location near major roadways and high-traffic areas ensures excellent visibility and accessibility for both tenants and customers. This is a rare opportunity to acquire a well-positioned, high-performing retail property with established tenants and significant growth potential.
Highlights
100% occupied, multi-tenant retail property with Five Guys and Crisp & Green in Blaine, MN.
$2,991,430 asking price, 6.00% cap rate, $179,485 NOI.
5,487 square feet on a 1.23-acre lot, built in 2021.
Crisp & Green lease has 2% annual rent increases with 6 years, 10 months remaining; Five Guys lease has 5% rent increases every 5 years with 7 years, 4 months remaining.
High-traffic location on Highway 65 (54,642 vehicles/day), near Super Target, Menards, Planet Fitness, and other major retailers.
Strong demographics: 181,548 population within a 5-mile radius, $114,563 average household income.
Property Details
for 10620 Baltimore St
Property type
Other retail properties, Restaurants
Square Feet
5,487 SF
Year Built
2021
Lot Size (sq. ft)
53,579 SF
Location Insight
City
Blaine
County
Anoka
State
Minnesota
Latitude
45.1629027
Longitude
-93.2337434
10620 Baltimore St, Blaine, Minnesota
Nearby Similar for Sale
For Sale
$858,472
White Castle
Opportunity to purchase well established White Castle location in Blaine, MN
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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