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815 Highway 169
Plymouth, MN 55441
PetSuites - Plymouth, MN · Retail Property For Sale
Investment Highlights
- 20-year original absolute net lease with contractual 10% rental increases every 5 years
- Completely resistant to e-commerce, PetSuites is entirely service-based and not dependent upon the sale of any pet supplies or soft goods
- The property is positioned to capture the highest quality customers residing in Western Minneapolis.
- The U.S. pet market grew a remarkable 14% in 2021 – topping the 10% growth rate achieved in 2020.
- Over 240,000 people live within a 5-mile radius of the site with an average household income of $110,000
- The site offers unparalleled visibility to Highway 169 and is highly accessible
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,079 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1976/2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
1.12 AC
Zoning
commercial - Commercial
Parking
21 Spaces (1.39 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 36-118-22-14-0024 | Improvements Assessment | $3,917,000 |
| Land Assessment | $583,000 | Total Assessment | $4,500,000 |
Property Taxes
Parcel Number
36-118-22-14-0024
Land Assessment
$583,000
Improvements Assessment
$3,917,000
Total Assessment
$4,500,000
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