4405 Pheasant Rdg DrBlaine, MN 55449

Property Details for 4405 Pheasant Rdg Dr

Year built

2001

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

10.88 AC

Property size (Sq ft)

140,684 SF

Property type

Commercial real estate

APN

24-31-23-22-0009

APU

243123220009

Description

This exceptional investment opportunity presents a fee-simple interest in a 145,471-square-foot At Home retail property situated on a 16.06-acre lot in Blaine, Minnesota. The property, built in 2001, is a single-story, freestanding building operating under an absolute NNN lease with zero landlord responsibilities. The current lease, commencing February 8, 2018, and expiring February 28, 2034, boasts a remaining term of 9.3 years, providing significant long-term cash flow stability. The lease includes attractive 2% annual rent escalations throughout the base term, mitigating inflation risks and enhancing investment yield. Four 5-year lease options further extend the investment horizon. The property generates a substantial net operating income (NOI) of $1,068,728, resulting in an 8.50% cap rate. The asking price is $12,573,000. This prime retail location within a power shopping center benefits from high traffic volume and the expanding national presence of the At Home brand, ensuring consistent occupancy and strong rental income. The property's size and location make it an ideal investment for those seeking a passive, long-term, and inflation-protected asset. The property address is 4405 Pheasant Ridge Dr NE, Blaine, MN 55449. This is a 100% occupied, single-tenant property offering a secure and lucrative investment opportunity.

• Alternative Use

  Use

  Valuation

  Residential

  $29,606,028

  Hospitality

  $27,118,964

  Educational

  $22,562,660

  Medical

  $23,338,624

  Retail

  $35,097,468

Location Insight

City

Blaine

County

Anoka

State

Minnesota

Latitude

45.1657

Longitude

-93.1592

CBSA code

33460

CBSA name

MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].