Jared, The Galleria of Jewelry 11905 Elm Creek Blvd No., Maple Grove MN 55369 Single Tenant Solutions $150,000 PRICE REDUCTION Property Photo SINGLE TENANT INVESTMENT OFFERING • PREMIER REGIONAL RETAIL LOCATION • CORPORATE LEASE GUARANTY • OUT PARCEL TO THE SHOPPES AT ARBOR LAKES • NO LANDLORD OBLIGATIONS • FIFTEEN YEAR HISTORICAL OCCUPANCY • 5,850 SF BUILDING ON 1.72 ACRE PARCEL The Silver Group Barry Silver Greg Cunha 1050 Northgate Drive #500 Email:
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[email protected] San Rafael, CA 94903 Phone: (415) 461 - 0600 Phone: (415) 461 - 0600 www.thesilver-group.com Investment Summary - Jared, The Galleria of Jewelry 11905 Elm Creek Blvd No., Maple Grove MN 55369 Single Tenant Solutions Purchase Price: $4,800,000 The subject property is a single tenant, Jared, The Galleria of Jewelry retail store located in the northwest Minneapolis suburb of Maple Grove, Minnesota. Cap RAte: 8.8% The Property consists of a freestanding ± 5,850 sf retail building on ± 1.72 Building Area: ± 5,850 s.f. acres of land at 11905 Elm Creek Blvd. North. Jared sits prominently at one of Maple Grove’s busiest intersections, Elm Creek Blvd. (± 22,000 vpd) Parcel Size: ± 1.72 acres and Hemlock Lane (± 35,000 vpd), in the area’s premier lifestyle center The Year Built: 2004 Shoppes At Arbor Lakes (Whole Foods Market, Trader Joe’s, Bed & Body Works, Cost Plus World Market, H & M, Pottery Barn, Williams Sonoma, Lease Terms: Kirkland’s, The Gap, BMO Harris Bank, P.F. Chang’s & Biaggi’s). Arbor • Original Twenty Year Primary Term with less Lakes has over 1.5 million square feet of shopping with Cub Foods, Lund’s & Byerly’s Grocery, AMC 16 Arbor Lakes, Kohl’s, Best Buy, Old Navy, Michael’s, than 5 Years of Term Remaining Nordstrom Rack, Total Wine, Bed Bath & Beyond as well as Main Street • ABSOLUTE NET - No Landlord obligations (Buca di Beppo, Chipotle, Cold Stone Creamery, Noodles & Co.