Absolute NNN Retail Ground
445 W 79th St Chanhassen, MN 55317
445 W 79th St, Chanhassen, MN, 55317
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For Sale
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Brand new 2017 absolute NNN ground lease with corporate guarantee and 10% increases every five years.
Days on Market104
Property Features for 445 W 79th St
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing agency
Marcus & Millichap - San Diego
(858) 373-3100
Listed by
Phil Sambazis · License #01474991
Source
Crexi
Added: Apr 10 Updated: Jul 22 at 6:27AM Checked: Jul 22 at 6:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - San Diego
Investment Insights
Based on property information with market context.
This is an absolute NNN retail ground lease investment featuring brand new 2017 construction. The lease term is 20 years, with 10% increases every five years and a corporate guarantee.
The property is positioned on a hard corner at a signalized intersection with highly visible traffic of 50,000 cars per day. It is adjacent to a Target and Cub Foods anchored center, within a dense office and industrial corridor.
The provided trade-area metrics include 209,673 residents within 3 miles and 10% increases every five years. Average household income is stated as $153,058 within 3 miles and $131,004 within 5 miles. The remarks also note proximity across from Emerson’s newly renovated assembly plant with 1,667 employees, near Chanhassen and Eden Prairie High Schools with 4,796 students, and minutes from a 1,200-acre landscape arboretum that attracts 400,000+ visitors annually.
The property is positioned on a hard corner at a signalized intersection with highly visible traffic of 50,000 cars per day. It is adjacent to a Target and Cub Foods anchored center, within a dense office and industrial corridor.
The provided trade-area metrics include 209,673 residents within 3 miles and 10% increases every five years. Average household income is stated as $153,058 within 3 miles and $131,004 within 5 miles. The remarks also note proximity across from Emerson’s newly renovated assembly plant with 1,667 employees, near Chanhassen and Eden Prairie High Schools with 4,796 students, and minutes from a 1,200-acre landscape arboretum that attracts 400,000+ visitors annually.
Key Highlights
- Brand new 2017 construction on a 20‑year absolute NNN ground lease
- Corporate guarantee in place
- 10% increases every five years under the ground lease
Property Analytics
Location Intelligence
Current Use by Public Records
Chick-fil-A
Take-out & Catering
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Brand new 2017 absolute NNN ground lease with corporate guarantee and 10% increases every five years.
Where is this nnn property located?
The property is located at 445 W 79th St Chanhassen, MN.
What are key features of this property?
This property features: Brand new 2017 construction on a 20‑year absolute NNN ground lease; Corporate guarantee in place; 10% increases every five years under the ground lease
