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Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the fee-simple interest in a single-tenant retail property located in Stillwater, MN within the Minneapolis-St. Paul MSA. The tenant, Goodwill Easter-Seals Minnesota, is a 501(c)3 nonprofit that offers job training and customized career support. The property is fully occupied with over 10 years remaining on the tenant's lease. This triple net investment presents a unique opportunity to obtain steady, reliable cash flows while having minimal management responsibilities with the net lease structure.
SINGLE-TENANT NET LEASE WITH OVER 10 YEARS REMAINING
Goodwill recently renewed bringing the lease term to 10+years remaining. The lease obligates the tenant to pay for all expenses involving the property including reimbursement for capital expenditures
ADDITIONAL INCOME FROM PASS-THROUGH MANAGEMENT FEE
The lease obligates the tenant to reimburse for management fees equal to 4% of base revenue
RESPECTED BRAND WITH HISTORY OF SUCCESS
Goodwill Easter-Seals Minnesota has been serving the Minnesota community since 1919 and has a proven history of financial stability
LOCATED IN PRIMARY RETAIL TRADE AREA
Goodwill is along the Madison Avenue corridor. The trade area is home to all major retailers, including Target, Walmart, HyVee, and the River Hills Mall