Attributes
| Year Built | 2000 |
| Building Area Gross |
|
| Call for Offers |
Asset Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the fee-simple interest in a newly developed, NNN-lease Dollar Tree & O'Reilly Auto Parts store in Zimmerman, MN. Dollar Tree, Inc. (NASDAQ:DLTR), a Fortune 200 company, is a leading operator of discount variety stores that has served North America for more than thirty years. O'Reilly Automotive, Inc. (NASDAQ:ORLY) is one of the largest retailers of auto parts and accessories in the United States. Located in the Minneapolis-St. Paul metro area, this property is leased to credit tenants, each with a history of sustained growth.
Investment Highlights
- Dual credit-tenant building with both tenants carrying investment-grade ratings
- Pandemic & recession proof tenants with stable growth through both the Great Recession of 2009 and the COVID-19 Pandemic
- High growth market with Zimmerman posting 25% growth in the last decade
- High traffic high visibility location along Highway 169 (30,000 VPD)
- Net leases and fully renovated building with minimal landlord duties
- Metropolitan support located in the Twin Cities metropolitan area
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