9475 Garland Lane North, Maple Grove, MN 55311

This 4,600 square foot single-tenant property is a net-leased Snap Fitness franchise located in Maple Grove, an affluent northwest suburb of Minneapolis-St. Paul. Snap Fitness is an international franchise with over 1,000 clubs and 1 million members in 20 countries. The property benefits from a dense daytime and residential population in the immediate area, with over 76,000 residents within a three-mile radius and an average income above $125,000. The business has operated as a Snap Fitness at this location since the building was constructed 17 years ago. A new 10-year lease was recently executed with the franchisee, featuring three percent annual increases. The property is shadow-anchored by national and regional retailers and employers, and is adjacent to a Super Wal-Mart, Sam's Club, Menard's, and Hobby Lobby. Maple Grove Hospital is located one mile away. The city of Maple Grove has experienced rapid growth due to its location along the Interstate 94 corridor, a strong school system, and proximity to employers. The area is experiencing continued growth of luxury homes, luxury multi-family residences, and commercial developments. The upcoming extension of Highway 610, crossing I-94 to the west and just north of the property, is expected to further development growth and density in the trade area.