7711 Mitchell Rd | Eden Prairie, MN 55344
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- LoopNet Team
7711 Mitchell Rd
Eden Prairie, MN 55344
Buca Di Beppo · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Strong Commitment To The Site: The tenant has operated at this site since 1994 and signed a brand new 20 Year Triple-Net (NNN) Lease extension in 2018
- No Landlord Responsibilities: Absolute NNN lease providing completely passive stream of income. Brand new roof put on the building in 2018.
- Long Term Lease: 17+ years remaining on the extended term, with 6, 5-year renewal options.
- Rent Increases: Attractive 1.5% annual increases starting in January of 2024, providing a hedge against inflation.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,276 SF
Building Class
B
Year Built
1977
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.53 AC
Zoning
C-Com
Parking
149 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
251’ on Mitchell Rd
AMENITIES
- Freeway Visibility
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 10-116-22-33-0038 | Improvements Assessment | $924,000 |
| Land Assessment | $1,201,000 | Total Assessment | $2,125,000 |
PROPERTY TAXES
Parcel Number
10-116-22-33-0038
Land Assessment
$1,201,000
Improvements Assessment
$924,000
Total Assessment
$2,125,000
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