Upgraded Office Building with
For Sale
Contact for pricing
7807 Creekridge Cir, Bloomington, MN
NNN leased office building with golf entertainment venue and amenities.
Property Size42,303 SF
Lot Size1.83 Acres
Price / SF$137.11
Days on Market279
Property Features for 7807 Creekridge Cir
General Information
Standard status
Active
Size
42,303 SF
Lot size
1.83 Acres
Property subtype
OFFICE
Lease Type
NNN
Properties For Sale
at 7807 Creekridge Cir Contact us- Floor
- 2
- Size
- 14,602 SF
- Type
- OFFICE
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
Office Golf
Situated in the heart of Bloomington’s southwest office corridor, the property...
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Contact us
- Floor
- 3
- Size
- 4,000 SF
- Type
- OFFICE
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
Office Golf
Situated in the heart of Bloomington’s southwest office corridor, the property...
show more
Contact us
- Floor
- 1
- Size
- 1,500 SF
- Type
- OFFICE
- Lease Type
- NNN
- Availability
- AVAILABLE
- Sublease
- No
Office Golf
Situated in the heart of Bloomington’s southwest office corridor, the property...
show more
Contact us
Listing Agency:
Cushman & Wakefield
(612) 351-4139
Listed By:
Erik Heltne · License #40169559
(612) 351-4139
Source:
Moodyscre
Added: Nov 23, 2025
Changed: Aug 26
Last Checked: Aug 28 at 9:46AM
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 Cushman & Wakefield
Investment Insights
Based on property information with market context.
This upgraded building, transformed in 2023, features an absolute NNN lease with zero landlord responsibilities, a fresh 7-year lease executed at closing, and annual rent bumps. The property is anchored by a year-round golf-entertainment-event venue led by a team of golf professionals. The building also includes a golf academy and a variety of small creative office spaces. Other features include a large conference room, executive professional suites, an on-site restaurant, three different bars, a 3-story atrium, and underground parking. Situated just off Interstate 494, the property enjoys high visibility in a highly populated area with nearly 900,000 residents within a 10-mile radius, near vibrant retail hubs along the I-494 corridor. It is minutes from highways 100, 169, and I-494, ensuring quick access to downtown Minneapolis, the greater metro area, and is conveniently located just 10 minutes from the Minneapolis-St. Paul International Airport (MSP). The property is within a short distance of shopping centers, hotels, restaurants, and entertainment venues, including the Mall of America. The property aligns well with current market trends, offering an easily accessible location, ample on-site parking, and proximity to numerous amenities, making it an attractive option for a variety of tenants.
Key Highlights
- Absolute NNN lease with zero landlord responsibilities and a fresh 7‑year lease executed at closing.
- Anchored by a year‑round golf‑entertainment‑event venue led by a top‑tier team of golf professionals.
- Upgraded building with extensive amenities and improvements completed in 2023, including a large conference room, executive professional suites, an on‑site restaurant, three bars, a 3‑story atrium, and underground parking.**
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$502,343
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$10,046,860
$10.0M
Cap Rate 7%
$7,176,329
$7.2M
Cap Rate 9%
$5,581,589
$5.6M
Market Conditions
NOI Build-Up for 42,303 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$929.0K $21.96/SF
− Vacancy
−$259.2K −$6.13/SF
EGI
$669.8K $15.83/SF
− OpEx
−$167.4K −$3.96/SF
NOI
$502.3K $11.87/SF
Area
Hennepin County, MN
Vacancy
27.90%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$10,046,860
Cap Rate 7%
$7,176,329
Cap Rate 9%
$5,581,589
Alternative Uses
Best Use
Specialty Retail
$7.63M
$6.67M – $8.90M
NOI $533,970 @ 7.0% cap · market cap 9.21%
Second Best
Office B
$7.18M
$6.28M – $8.37M
NOI $502,343 @ 7.0% cap · market cap 8.66%
Theoretical Best
Office A
$10.09M
$8.83M – $11.77M
NOI $706,483 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - NNN leased office building with golf entertainment venue and amenities.
Where is this office building located?
The property is located at 7807 Creekridge Cir Bloomington, MN.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: Absolute NNN lease with zero landlord responsibilities and a fresh 7‑year lease executed at closing.; Anchored by a year‑round golf‑entertainment‑event venue led by a top‑tier team of golf professionals.; Upgraded building with extensive amenities and improvements completed in 2023, including a large conference room, executive professional suites, an on‑site restaurant, three bars, a 3‑story atrium, and underground parking.**
