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Otsego MN 5533 88Th St Otsego, MN 55330

  • Retail properties
  • 1,693 SF
  • 0.68 lot acres
OFF-MARKET
Value Estimation
Location Intelligence

Current Use by Public Records

  • Retail properties

Property Details for Otsego MN 5533 88Th St

Year built
2024
Lot size
0.68 lot acres
Property size
1,693 SF
Property type
Retail properties
Property subtype
Restaurants

Description

This exceptional investment opportunity presents a brand-new, 1,693 square foot Starbucks located at the highly visible northeast corner of Parrish Ave NE and 88th St in Otsego, Minnesota. The property boasts a 10-year net lease with Starbucks Corporation, a globally recognized brand with an investment-grade credit rating. The lease, expiring May 31, 2034, includes four options and built-in rent escalations every five years, minimizing landlord responsibilities and offering significant long-term stability. The building, constructed in 2024, features high-quality materials and a modern design, perfectly complementing the Starbucks brand. Situated on a 0.68-acre lot, this location benefits from exceptional visibility due to its prominent corner location and proximity to MN-101, a major arterial roadway with a daily traffic volume of 52,000 vehicles. The property's strategic placement adjacent to a Target and a newly developed Coborn's Grocery, along with nearby residential developments like Parkview Grand Apartments and Parrish Meadows Townhomes, ensures consistent high traffic and customer flow. The property's strong financial performance is reflected in its 6.15% cap rate and a net operating income (NOI) of $165,000. The asking price is $2,683,000, translating to a price per square foot of $1,584.76. This is a rare opportunity to acquire a high-performing, low-maintenance asset with a blue-chip tenant in a rapidly growing market. The property's strong fundamentals and long-term lease make it an ideal addition to any investment portfolio.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Otsego
County
Wright
State
Minnesota
Longitude
-93.5655
Latitude
45.2794
More about this property
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