10620 Baltimore NE St, Blaine, MN 55449-4503

This exceptional investment opportunity presents a 5,487 square foot, multi-tenant retail property in Blaine, Minnesota, boasting a 6.00% cap rate and a strong NOI of $179,485. The property is 100% occupied by two established national brands: Five Guys and Crisp & Green, ensuring consistent cash flow. Crisp & Green's lease includes a 2.00% annual rent increase over the remaining 6 years and 10 months, while Five Guys' lease features 5.00% rent increases every 5 years with 7 years and 4 months remaining. The Five Guys tenant, North Star Dining MN, LLC, operates 18 locations, and Crisp & Green's tenant, Slinging Green, LLC, operates 2. Strategically located on Highway 65, the property benefits from an average daily traffic count of 54,642 vehicles. This prime location is surrounded by a robust retail environment, including Super Target, Menards, Planet Fitness, and other major retailers. The property's strong demographics are highlighted by a population of 181,548 within a 5-mile radius and an average household income of $114,563. Its proximity to the National Sports Center, a major North American amateur sports complex attracting over 4 million visitors annually, and the TPC Twin Cities Golf Course, home to a PGA Champions Tour event, further enhances its appeal. Built in 2021, this 1.23-acre property offers a secure and profitable investment opportunity in a thriving Minnesota market. The property's location near major roadways and high-traffic areas ensures excellent visibility and accessibility for both tenants and customers. This is a rare opportunity to acquire a well-positioned, high-performing retail property with established tenants and significant growth potential.