Inbound BrewCo. | Minneapolis, MN | 701 N 5th St
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Inbound BrewCo. | Minneapolis, MN 701 N 5th St
12,336 SF Industrial Building Minneapolis, MN 55401 £2,197,928 (£178/SF) 7% Net Initial Yield
Executive Summary
Prime North Loop Location:
The property is located in the highly desirable North Loop, one of the most in-demand neighborhoods in Minneapolis. Inbound BrewCo is within walking distance to Target Field (0.2 miles) and is close to many other attractions in downtown Minneapolis.
Absolute NNN Lease:
This property features an absolute NNN lease with zero landlord responsibilities, over 10 years remaining on the lease term, and annual rent bumps.
Upgraded Building:
The building was remodeled in 2016, including numerous upgrades and replacements to the building structure. Improvements included the roof, windows, doors, HVAC units as well as upgrades to the utilities, sprinkler system, and security/fire system. The floors, patio space, and exterior paint were also updated.
Solid Demographics and Growing Population:
The area within a 5-mile radius of the property boasts a population of over 488,000, with an impressive 1-mile average household income exceeding $130,000.
Market Strength & Below Market Rent:
With a market vacancy rate of just 2.6%, one of the lowest among the 50 largest retail markets in the U.S. according to CoStar, the area offers exceptional market stability and investment potential. In addition, the tenant is currently paying below-market rent.
The property is located in the highly desirable North Loop, one of the most in-demand neighborhoods in Minneapolis. Inbound BrewCo is within walking distance to Target Field (0.2 miles) and is close to many other attractions in downtown Minneapolis.
Absolute NNN Lease:
This property features an absolute NNN lease with zero landlord responsibilities, over 10 years remaining on the lease term, and annual rent bumps.
Upgraded Building:
The building was remodeled in 2016, including numerous upgrades and replacements to the building structure. Improvements included the roof, windows, doors, HVAC units as well as upgrades to the utilities, sprinkler system, and security/fire system. The floors, patio space, and exterior paint were also updated.
Solid Demographics and Growing Population:
The area within a 5-mile radius of the property boasts a population of over 488,000, with an impressive 1-mile average household income exceeding $130,000.
Market Strength & Below Market Rent:
With a market vacancy rate of just 2.6%, one of the lowest among the 50 largest retail markets in the U.S. according to CoStar, the area offers exceptional market stability and investment potential. In addition, the tenant is currently paying below-market rent.
Property Facts
Amenities
- Signage
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
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Walk Score ®
Very Walkable (83)
Transit Score ®
Excellent Transit (78)
Bike Score ®
Biker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 22-029-24-24-0101 | Improvements Assessment | £840,916 |
| Land Assessment | £859,379 | Total Assessment | £1,700,295 |
PROPERTY TAXES
Parcel Number
22-029-24-24-0101
Land Assessment
£859,379
Improvements Assessment
£840,916
Total Assessment
£1,700,295
zoning
| Zoning Code | B4S-1 (Downtown Service District) |
| B4S-1 (Downtown Service District) |
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Brian Brisky -
Max Mantey -
Brisky Net Lease
(612) 413-4200
x102
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Inbound BrewCo. | Minneapolis, MN | 701 N 5th St
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