234 Snelling Ave N
Saint Paul, MN 55104
Retail Property For Sale

Stan Johnson Company is pleased to exclusively offer for sale to qualified investors a ground lease on a freestanding Starbucks with long-term lease located at 234 N. Snelling Ave. St. Paul, MN 55104. St. Paul is the Capital of Minnesota and is part of the Minneapolis-St. Paul MSA which has a population of over 3.5 Million people. The subject Property will be a brand new Starbucks drive-thru store which is a state-of-the-art prototype with proven sustainability featuring a twenty (20) year, absolute NNN ground lease, with four (4), five (5) year renewal options. The lease includes 10% rent increases every five years, during primary term and option periods. St. Paul is the Capital and second most populous city in the state of Minnesota, with 300,851 residents as of 2015. Located along interstate 95 in the greater Minneapolis area, St. Paul is just fifteen miles East of Minneapolis. The Property is located less than a quarter mile from the newly announced $150 million, 20,000 seat stadium being built by Minnesota United FC of the Major League Soccer (MLS). There are also nine colleges within a 5-mile radius of the site that, in total, host over 94,000 students.