8700 NW Springbrook Dr
Minneapolis, MN 55433
Retail Property For Sale

After a recent renewal, there are seven years remaining on the Tires Plus lease with a scheduled 8% rent increase in September 2019. Tires Plus has two 5-year options, both with contractual 8% rent increases. The lease is deemed to be a triple net lease with all operating expenses, repairs, replacement and maintenance to be paid by tenant. Tires Plus - Springbrook is located in the densely populated city of Coon Rapids, Minnesota. With visibility along Highway 47 to over 30,000 vehicles per day, Tires Plus is situated adjacent to a Target-anchored shopping center and across the highway from Northtown Mall, a 600,000 SF regional mall. Coon Rapids is a vibrant community located 16 miles north of downtown Minneapolis. Within a 5-mile radius of Tires Plus - Springbrook, the population is 219,000 people and average household incomes are $80,600. This same area has a daytime population of over 99,000 employees daily. Major employers in Coon Rapids include: Mercy Hospital, RMS Medical Device, Honeywell Aerospace, and Anoka-Ramsey Community College.