Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key Facts

Year Built 2008
Building Area

Property Description

JLL is pleased to offer for sale the fee simple interest in a single-tenant, corporate leased Snap Fitness, Inc. headquarters office and franchisee training facility in Chanhassen, Minnesota. Snap Fitness is a wholly-owned subsidiary of Lift Brands, Inc., a collection of specialty fitness companies around the world.

The office/flex asset features over seven years of remaining lease term with 3.0% annual increases, allowing investors the opportunity to acquire a long-term investment with steadily increasing cash flows.

Investment Highlights

  • Fee simple interest
  • Net lease structure with minimal landlord responsibilities
  • Over seven years of remaining lease term with 3.0% annual increases
  • Growing corporate tenant and critical headquarters asset
  • Located in the second-largest suburban office submarket in Minneapolis/St. Paul
Last Updated Date: 08 Oct 2020
Alex Sharrin
Alex Sharrin
Managing Director, Capital Markets
License details
IL - 475.170243
Alex Geanakos
Alex Geanakos
Director, Capital Markets
License details
475.189621

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Last Updated Date: 08 Oct 2020

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