5821 Industrial Ln SE | Prior Lake, MN 55372
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- LoopNet Team
5821 Industrial Ln SE
Prior Lake, MN 55372
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Leased to an essential business, Destination Pet with new 20-year lease. Tenant never missed a rent payment during the pandemic in 2020
- Destination Pet has over 80 open and operating locations and targets 20 acquisitions / new locations per year showing continuous growth
- 28 miles south of Downtown Minneapolis with easy access via Interstate 35
- Absolute Net Lease with zero landlord responsibilities
- Destination Pet is backed by a private equity fund from the United Kingdom with over $350M in committed capital
- Located in a rapidly growing community
PROPERTY FACTS
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
7,910 SF
Building Class
C
Year Built
2005
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.00 AC
Parking
20 Spaces (4.21 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 25-427-003-0 | Improvements Assessment | $1,027,000 |
| Land Assessment | $294,900 | Total Assessment | $1,321,900 |
PROPERTY TAXES
Parcel Number
25-427-003-0
Land Assessment
$294,900
Improvements Assessment
$1,027,000
Total Assessment
$1,321,900
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