Holiday/Circle K Commissary

6890 Shingle Creek Parkway, Brooklyn Center, MN 55430

$6,006,940

Cap Rate 6.40%

Views: 55 DOM: 14 Updated: 09.04.24 Posted: 09.04.24 Status: Active

Summary

Price $6,006,940	Built/Renov 2003	Tenant Holiday/Circle K Commissary
Cap Rate 6.40%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 38,297	Lease Start 03-18-2004	#Units 16,700
Price/SF $156.85	Expiration 03-31-2029	Tenant Type Convenience/Gas
NOI $384,444	R. Term 4.6	Ownership Fee Simple
Rent/SF $10.04	Increases 7.4%/5/yrs	Pop 5Mi 285,278
Lot/AC 3.86	Options 3/5yrs	AHHI 5Mi $100,380

Lease Highlights

Long 20+ year operating history
The tenant has 4+ years remaining on the current lease term with 3 (5-year) options to extend
The lease features fluctuating rental escalations throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

The subject property is strategically located on Shingle Creek Parkway, a major thoroughfare. This 38,297 sq ft facility, located on a 3.86-acre lot, has been in operation for 20 years and recently secured a 5-year lease renewal. Its prime location near I-94 provides excellent visibility and accessibility, with average daily traffic counts of 117,713 vehicles. The 5-mile trade area supports a...

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Key Features

Oversized lot
In location for years
Strategically located
Freeway close
Top 100 MSA
Strong demographics
Recently extended lease
Absolute NNN
Traded and rated company
Investment grade tenant

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Links

Holiday/Circle K Commissary Wikipedia Alimentation Couche-Tard Wikipedia Brooklyn Center, Minnesota Zip Code 55430 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Holiday/Circle K Commissary
Guarantor:Corp T and Rated
Company:Alimentation Couche-Tard
# Units:16,700
Tenant S&P: BBB+
Moody’s: Baa1
Stock: TSX: ATD

About Tenant

The Holiday/Circle K commissary is a centralized facility where food and beverage items are prepared, stored, and distributed for Holiday & Circle K convenience stores. These commissaries play a...

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Listing Broker

Deb Vannelli

Upland Real Estate Group, Inc.

Contact

66 Listings
4920 Views
10 Sold

Amanda Leathers

Upland Real Estate Group, Inc.

Contact

66 Listings
4920 Views
10 Sold

Deb Vannelli

Deborah Vannelli began her commercial real estate career over twenty-five years ago. Today, Deb is the Director of Net Lease Sales in the Minneapolis-based Upland Real Estate Group, Inc., and she has led her team to complete in excess of 900 net lease sales transactions, which have generated over $2.8 billion. Deb specializes in net lease investment sales on a national scale, representing buyers, sellers, and tenants on the sale or purchase of single and multi-tenant, net-leased investment p

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Amanda Leathers

Amanda Leathers has over sixteen years of experience working in net lease sales with a highly motivated and successful team. As an Investment Sales Associate, she has contributed in the completion of over 900 transactions, totaling in excess of $2.8 billion in investment sales nationally. Amanda attended St. Cloud State University, graduating with a Bachelor of Science in Real Estate from the Herberger Business School. Most of her professional career has been at Upland, giving her a unique o

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Keith Sturm

Upland Real Estate Group, Inc.

Contact

66 Listings
4920 Views
10 Sold

Keith Sturm

With over 25 years of experience in commercial real estate, Keith Sturm is the Principal and CEO of Upland Real Estate Group, Inc, which he founded in 1995. Under his leadership, Upland has been consistently recognized as one of the top commercial real estate brokerage firms by the Minneapolis/St. Paul Business Journal. Keith has also been awarded the “Power Broker” in four out of five years since 2010, as a Top Brokerage Firm in Sales Transactions by Real Estate Forum and CoStar. Keith has man

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