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SiteOne Landscape Supply

8400 60th St N, Stillwater, MN 55082

$4,068,350

Cap Rate 6.35%

Views: 101 Updated: 08.21.24 Posted: 03.28.23 Status: Inactive 08.21.24

Summary

Price $4,068,350
Built/Renov 1960
Tenant SiteOne Landscape Supply
Cap Rate 6.35%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 10,236
Lease Start 10-05-2020
#Units 690
Price/SF $397.46
Expiration 10-05-2030
Tenant Type Industrial
NOI $258,340
R. Term 5.10
Ownership Fee Simple
Rent/SF $25.24
Increases 3.0%/1/yrs
Pop 5Mi 97,115
Lot/AC 30.67
Options 2/5yrs/2%
AHHI 5Mi $130,151

Keith Sturm
Upland Real Estate Group, Inc.
Contact

Amanda Leathers
Upland Real Estate Group, Inc.
Contact

Deb Vannelli
Upland Real Estate Group, Inc.
Contact

Lease Highlights

  • SiteOne Landscape Supply has been operating in this location since 1974
  • The tenant has 6 years remaining on its current lease with 2 (5-year) options to extend
  • Lease features 3% annual increases throughout the initial term and 2% annual increases in each option period
  • Favorable NN+ lease with landlord responsible for roof and structure
  • New shingled roof installed in 2020 with warranty
  • Corporate guarantee by SiteOne Landscape Supply Inc. (NYSE: SITE)

Location Description

SiteOne Landscape Supply is strategically located along 60th Street North (Hwy 36) seeing over 38,000 vehicles per day. The site benefits from nearby direct on/off ramp access to Interstate 694 averaging 72,000 vehicles per day. Nearby tenants include Fleet Farm, Target, Walmart, Menards, Lowes, Caribou Coffee and more. Additionally, the site is located within close proximity to DeMontreville...

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Key Features

  • New roof

  • Roof guarantee

  • In location for years

  • Highway location

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Favorable NN+ lease

  • Annual rent increases

  • Traded and rated company

  • Corporate Guarantee

    • ...

Links

SiteOne Landscape Supply Wikipedia Stillwater, Minnesota Zip Code 55082 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Hedberg Supply, the landscape supplies product division of Hedberg Aggregates, is the largest supplier of hardscapes products in Minnesota. They specialize in the distribution of...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 1,129 27,554 99,611
2023 Total Population : 1,125 26,805 97,115
2023 Employed Civilian Pop : 586 14,315 51,747
2023 Total Businesses : 18 594 2,925
2023 Average Household Income : $ 204,149 $ 156,069 $ 130,151
2023 Total Consumer Spending : $ 67 M $ 1368 M $ 4206 M
2023 Median Age : 50 45 43
2023 Total Households : 397 10,358 37,977
2023 Pop Age 25+: Bachelor's Degree : 294 6,093 18,995
2023 Average Home Value : $ 576,366 $ 508,157 $ 435,531
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
State Hwy 36 Highlands Trl N 2011 38,500 0.22 mi
MSAS 119 State Hwy 36 2021 970 0.41 mi
Demontreville Tr N Hwy 36 2019 1,200 0.45 mi
CON 6849 Hytrail Ave N 2021 772 0.65 mi
CON 6848 Hytrail Ave N 2021 868 0.65 mi
Hilton Trl 62nd St N 2017 11,200 0.76 mi
Hilton Trail 64th St N 2018 10,400 0.77 mi
CON 6847 State Hwy 36 2021 4,548 0.84 mi
CON 7450 Viking Dr 2021 4,977 0.85 mi
50th St N Demontreville Trail Cir N 2019 1,650 0.86 mi

Listing Broker

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