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8585 N Aspen Ln
Brooklyn Park, MN 55445
Perkins Restaurant and Bakery · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Brand New, 20-Year Absolute Triple Net (NNN) Lease
  • Attractive Rental Increases of 1.50% Annually
  • Dense Retail Corridor | Walmart, Menards, Fleet Farm, McDonald’s, Burger King, Taco Bell, Jimmy Johns, Planet Fitness, Firestone and Many More
  • Passive Investment Offering a Long-Term Security of Cash Flow
  • One (1), Five (5)-Year Tenant Renewal Options
  • Compelling Location Fundamentals | Located Less Than 15-Miles From Downtown Minneapolis, MN

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
5,265 SF
Building Class
C
Year Built
1997
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.36 AC
Zoning
CM
Parking
91 Spaces (0 Spaces per 1,000 SF Leased)

ABOUT 8585 N ASPEN LN , BROOKLYN PARK, MN 55445

The subject property is situated on Aspen Lane North, which boasts an average daily traffic count exceeding 17,900 vehicles. Aspen Lane N is intersected by 85th Ave N, which serves as a feeder road to Interstate 41, which brings an additional 19,000 and 56,200 vehicles into the immediate area daily. There are approximately 71,000 individuals residing within a three-mile radius of the subject property and more than 202,800 individuals within a five-mile radius of the property. The property is well positioned in a dense retail corridor with many national and local tenants, car dealerships and academic institutions all within immediate proximity to the site. Major national tenants include: Walmart, Menards, Fleet Farm, McDonald’s, Burger King, Taco Bell, Jimmy Johns, Planet Fitness, Firestone as well as many more. The subject property benefits from being located near several academic institutions. Most notable, Hennepin Technical College, is located less than two miles from the subject property and has a total enrollment of approximately 6,750 students. This Perkins is also located less than two miles from multiple car dealerships, including Lupient KIA of Brooklyn Park, Walser Hyundai, and Luther Brookdale Chrysler Jeep Dodge Ram. Brooklyn Park is the sixth largest city in the U.S. state of Minnesota. The city is on the west bank of the Mississippi River, upstream from (north of) downtown Minneapolis in northern Hennepin County. Brooklyn Park is a northwest suburb of the Twin Cities metropolitan area. Brooklyn Park is listed as a "Tree City USA" and is home to 47 miles of trails and 67 parks, including the Rush Creek Regional Trail and the northern section of Palmer Lake Park. The city is also known for the West Coon Rapids Dam, on the west side of the Mississippi River. North Hennepin Community College and a campus of Hennepin Technical College are in the city. Brooklyn Park is a "bedroom community" of Minneapolis and Saint Paul and is considered both a 2nd- and 3rd-tier suburb, because much of the land north of 85th Avenue was developed after 2000. The city still has undeveloped land and farms, including the historic Eidem Homestead, a 1900s working farm that is a popular tourist attraction for families and school field trips. Brooklyn Park’s economy is driven on by manufacturing, construction, and retail trade. Future job growth over the next ten years in Brooklyn Park is predicted to be 36.2%.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
18-119-21-34-0048
Land Assessment
$517,500
Improvements Assessment
$681,700
Total Assessment
$1,199,200
  • Listing ID: 17811639

  • Date on Market: 11/25/2019

  • Last Updated:

  • Address: 8585 N Aspen Ln, Brooklyn Park, MN 55445

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