Freestanding For Sale
202,669 Sq Ft
The CBRE Net Lease Property Group is pleased to exclusively offer a 202,669-square-foot freestanding Fleet Farm in Lakeville, Minnesota (Population: 63,683), an affluent suburb located within the Minneapolis– St. Paul, MN–MSA (Population: 3,600,618). The 20.6-acre property contains a 197,732-square-foot retail store along with a gas station and a four-stall car wash. Fleet Farm’s 25-year absolute NNN lease, which includes 2% annual increases throughout the lease term and in each of four 5-year options to renew, has 23 years of primary term remaining. Fleet Farm is strategically positioned with convenient access and visibility on Interstate 35 (Traffic Count: 70,000 VPD) which provides direct access to the Minneapolis & St. Paul CBDs, less than 25 miles to the north. The site also benefits from its position within the area’s primary retail and residential corridor, with approximately 3.7 MSF of retail space, 17,144 households and 2,500 multifamily units within a 3-mile radius.