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8880 NW Springbrook Dr
Coon Rapids, MN 55433
Outback Steakhouse: Coon Rapids, MN · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Absolute NNN lease features ±12.0 years of primary term remaining with three 5-year renewal options and a corporate guaranty from Bloomin’ Brands.
  • Located along Springbrook Drive (12,600 VPD), which intersects with Coon Rapids Boulevard (25,000 VPD) a half mile north.
  • 6.0 MSF of retail, 1.6 MSF of office, and 12.2 MSF of industrial within a 3-mile radius.
  • The offering boasts rare annual rent increases of 1.8%.
  • Less than a mile from the 643,052-square-foot Northtown Mall.

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
6,268 SF
Building Class
B
Year Built
1997
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.83 AC
Zoning
Commercial - Commercial (NEC)
Parking
139 Spaces (22.18 Spaces per 1,000 SF Leased)
Frontage
207’ on NW Springbrook Dr

AMENITIES

  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 36-31-24-14-0014
  • 36-31-24-41-0014
Land Assessment
$558,000
Improvements Assessment
$1,077,800
Total Assessment
$1,635,800
  • Listing ID: 32716089

  • Date on Market: 8/7/2024

  • Last Updated:

  • Address: 8880 NW Springbrook Dr, Coon Rapids, MN 55433

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