Retail    

Chase Bank

(Ground Lease)

 Cottage Grove (Minneapolis), MN

Asking Price

$2,200,000

Cap Rate

5.00%

For more details on this exclusive listing

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Total Building GLA

3,430 SF

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Base Term

20-Year

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Year Built

2024

Rent Increases

Attractive Increases

10% Every 5 Years

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Corporate

Guaranty

INVESTMENT HIGHLIGHTS

  • Long-Term Absolute NNN Ground Lease
    Brand-new 20-year Absolute NNN ground lease with zero landlord responsibilities
  • Guaranty from Nation’s Largest Bank
    The Lease is corporately guaranteed by JP Morgan Chase Bank
  • Attractive Rent Increases
    10% every 5 years
  • Near Major Traffic Drivers
    Outparcel to Kohl’s and further surrounded by many national retailers





  • Neighbor to 2nd-Highest-Deposit Bank
    Directly adjacent to the 2nd-highest bank by deposits in the zip code
  • Signalized Access to the Site
    The Property features a joint access point with Kohl’s
  • High-Traffic Trade Area
    Benefits from easy access to Highway 10
  • Minneapolis-St. Paul MSA
    Cottage Grove is located in the 3.69 million resident Minneapolis-St Paul MSA
  • High-Growth and Affluent Demographics
    Surrounded by 50K+ residents within 3 miles earning an average household income of $136K+

 

Exclusively Listed By

Daniel Herrold

Senior Vice President
  dherrold@northmarq.com      +1 918.814.1966

Matt Spangenberg

Associate Vice President
  mspangenberg@northmarq.com      +1 312.777.2442

Michael Zimmerman

Vice President
  mzimmerman@northmarq.com      +1 954.290.6366

Vikaas Patni

Senior Associate
  vpatni@northmarq.com      +1 513.828.6252

Mitch Bensch

Investment Sales Analyst
  mbensch@northmarq.com   

In Association With
Anne Perrault

MN Lic. #40564077

Northmarq

6120 S Yale Ave, Suite 300
Tulsa, OK 74136


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