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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
89’ on Adelmann St

AMENITIES

  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
25-427-003-0
Land Assessment
$294,900
Improvements Assessment
$1,027,000
Total Assessment
$1,321,900
  • Listing ID: 22272937

  • Date on Market: 2/18/2021

  • Last Updated:

  • Address: 5821 Industrial Ln SE, Prior Lake, MN 55372

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