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AT&T Retail Building - Maplewood

3070 White Bear Ave, Maplewood, Minnesota

4.2
BB Rating™
6.1%
Projected Cap Rate
Reg A

Funded: 23.46%

$368,000 raised of $1,568,750

Property Summary

Investment summary:

Overview
BuildingBits is proud to offer this newly constructed (2017) AT&T store, located 15 miles from downtown Minneapolis in the suburb of Maplewood, Minnesota. This store is backed by a brand new, corporate, initial 10-year net lease, with two 5-year options to extend, and rental escalations of 10% every 5 years. This first-class construction features AT&T’s newest stand alone prototype building and  store branding. 

Demographics
The Minneapolis-St.Paul MSA is home to approximately 3.5 million residents, and is the second largest metropolitan area in the Midwest behind Chicago. The city of Maplewood is situated on the eastside of the metro area and is home to nearly 40,000 people. Within 3 miles of the subject property, there are approximately 67,000 residents with an average household income of $78,000.

Access
With excellent visibility and super regional mall exposure being located at the entrance to the Maplewood Mall, this asset is strategically positioned in the primary retail corridor of the surrounding 10-mile area. Exposure to approximately 35,400 Vehicles Per Day (VPD) on White Bear Avenue and 96,000 VPD along I-694 gives this location ideal visibility as a stand alone retail front.
 

 

Key features:

  • Top 20 MSA
  • Super Regional Mall Exposure
  • High Quality tenant
  • 10 year lease
  • Great Access to freeways
  • Dedicated Parking Spaces

Transaction status:

Pre-Order
Due Diligence
Fully Funded
Pre-Closing
Closed
Fast facts:

Building info:

Projected Cap Rate:
6.1%
BB Rating™:
4.2
Property Type:
Retail
Year Built:
2018
Square Footage:
4,305 SF
Rentable Square Footage:
4,305 SF
Number of Floors:
1
Number of Units:
1
Type of Construction:
Curtain Glass Steel Frame
Listing ID:
3

Tenant summary:

Parent Company AT&T
Headquarters: Dallas, TX
Locations: 16,000+
Number of Employees: 254,000
Revenue: $124.11 billion
Website: www.att.com


Map:

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Funded: 23%

$368,000 raised of $1,568,750

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