Home Depot Brooklyn Park
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key features
- Absolute NNN Ground Lease: Lease is structured to be incredibly passive with no landlord responsibilities.
- Recent Lease Extension: Tenant executed a five-year extension through August 31, 2032, showing commitment to the site.
- Large, Growing Suburb: With a population of more than 83,000 people, Brooklyn Park is the sixth-largest city in Minnesota and the fourth-largest in the Twin Cities metropolitan area.
- Prime Location: With strong demographics, the subject property benefits from high visibility from Interstate 94/694 with over 111,000 vehicles per day. It is easily accessible at the Boone Avenue exit just east of U.S. 169. The store serves as the busy anchor of Park Place Centre, a rising shopping center featuring a popular Toys For Trucks.
Property Details
| Property Type | Retail |
| Property Subtype | Single Tenant |
| Year Built | 1997 |
| Store Number | 2804 |
| Sale Type | NNN |
| Lease Type | NNN |
| Lease Expiration | June 30, 2027 |
| Square Footage | 115,227 |
| Acreage | ± 9.95 |
| Price | $25,830,000 |
| Cap Rate | 6.0% |