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

Documents

Enter the "Deal room" for exclusive documents related to this property.

I accept the confidentiality agreement I accept the confidentiality agreement

Attributes

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: 28 Sep 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

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

+358931583230
Last Updated Date: 28 Sep 2020

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.