11100 W 62nd St
Eden Prairie, MN 55344
Starbucks · Retail Property For Sale

This is an excellent opportunity to purchase an investment property for $2,353,000 at 4.25% cap rate with a 20 year ground lease commencing January 7th, 2017. This lease includes 10% rent increases every 5 years and four 5-year options. The property is in an ideal affluent area with an average household income exceeding $117,000 within 5 miles of the property. Eden Prairie has been named one of Money Magazine's "Best Places to Live" in America since 2006; the city earned first place in the 2010 survey. This Starbucks Coffee is located at the SEC of Highway 62 and Shady Oak Road in Eden Prairie, Minnesota. The subject property is adjacent to a BP Station and across from the Optum/UnitedHealth Group Corporate Headquarters, with 1.5 million square feet and approximately 6,700 employees. This Starbucks falls in Eden Prairies' Golden Triangle which is home to over 25,000 jobs and is in excess of nine million square feet of developed industrial and office space. Across Shady Oak Road is a Hilton Garden Inn and The Enclave, a luxury 44 site housing development with homes starting in the $900,000' s. OPUS Business Park has 12,000+ employees and is less than one and a half miles away. Traffic counts on Highway 62 in front of the property tally at 32,000 vehicles daily. Other nearby properties include SuperAmerica, National American University, New Horizon, TC Running, Woody's, Holiday Inn Express, Erbert and Gerbert's, Caribou Coffee, Jimmy John's, and many more.