19285 Highway 7
Excelsior, MN 55331
Starbucks Ground Lease · Retail Property For Sale
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,325 SF
Building Class
B
Year Built
2019
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.83 AC
Zoning
Commercial
ABOUT 19285 HIGHWAY 7 , EXCELSIOR, MN 55331
CBRE is pleased to present freestanding ground lease with Starbucks Coffee on the border of Minnetonka, Minnesota. This investment is an absolute triple net (NNN) ground lease with Starbucks (S&P “BBB+” investment grade rating) for an initial fifteen year term. The lease features rare ten percent rent increases every five years and requires no landlord responsibilities. This location benefits from having convenient access and excellent visibility on the “going-to-work” side of Highway 7, a major traffic corridor into and out of the Twin Cities metro. This site is on a frontage road that leads to Minnetonka High School: a top-ranked school that has a 2019 enrollment of over three thousand students.
PROPERTY TAXES
| Parcel Number | 25-117-23-41-0048 | Improvements Assessment | $837,000 |
| Land Assessment | $694,000 | Total Assessment | $1,531,000 |
