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13632-13660 Crosstown Blvd NW
Andover, MN 55304
Clocktower Commons | Andover, MN · Retail Property For Sale
Investment Highlights
- New-Construction Two-Tenant Chipotle and Starbucks at Clocktower Commons (Two Freestanding Drive-Thru Buildings)
- 10% Increases Every 5 Years During the Base Term and Each of the Four 5-Year Options
- Corporate Starbucks With Drive-Thru (NASDAQ: SBUX; S&P: BBB+): New 12-Year Lease
- Corporate Chipotle With Drive-Thru (NYSE: CMG): New 15-Year NNN Lease
- Corporate Lease (NYSE: CMG); Over 3,800 Stores in the U.S., Canada, France, Germany, and the United Kingdom
- 10% Rental Increase in Year 6, and Each of the Four 5-Year Options
Executive Summary
New-Construction, Long-Term Corporate Leases | Hard-Corner, Signalized-Intersection Location | Affluent Twin Cities Suburb ($178K AHHI)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,930 SF
Building Class
C
Year Built
2025
Price
$6,090,000
Price Per SF
$1,235.29
Cap Rate
5.75%
NOI
$350,175
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.05
Lot Size
2.06 AC
Zoning
Commercial
Parking
50 Spaces (10.14 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,683,300 | |
| Land Assessment | $1,312,100 | Total Assessment | $2,995,400 |
Property Taxes
Parcel Numbers
Land Assessment
$1,312,100
Improvements Assessment
$1,683,300
Total Assessment
$2,995,400
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