Chipotle / Starbucks NNN Property For Sale — Andover, MN
13632-13660 Crosstown Blvd NW, Andover, MN 55304
This is a prime investment opportunity featuring brand new construction with two highly desirable tenants: Chipotle and Starbucks. Both locations include drive-thrus, enhancing customer convenience and revenue potential. Chipotle benefits from a new 15-year NNN lease with corporate guaranty (NYSE: CMG), featuring 10% rent increases every 5 years during the base term and option periods. Starbucks operates under a new 12-year lease with a corporate guaranty (NASDAQ: SBUX; S&P: BBB+), with a 10% rental increase in year 6 and throughout its four 5-year options. This property is strategically located in a high-traffic area, offering excellent visibility and accessibility.
- Address: 13632-13660 Crosstown Blvd NW, Andover, MN 55304
- Asking price $6.09M
- 5.75% cap rate
- NOI $350,175
- 15 years remaining
- NNN lease
- Year built: 2025
- Building size: 4,930 SF
- Lot size: 2.06 acres
- Rent increases: 10% every 5 years (Chipotle); 10% in year 6 (Starbucks)
- Guarantor: Corporate
Location
This Chipotle / Starbucks property is at 13632-13660 Crosstown Blvd NW in Andover, Minnesota.
Asset type: Retail