8880 NW Springbrook Dr
Coon Rapids, MN 55433
Outback Steakhouse: Coon Rapids, MN · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN lease features ±12.0 years of primary term remaining with three 5-year renewal options and a corporate guaranty from Bloomin’ Brands.
- Located along Springbrook Drive (12,600 VPD), which intersects with Coon Rapids Boulevard (25,000 VPD) a half mile north.
- 6.0 MSF of retail, 1.6 MSF of office, and 12.2 MSF of industrial within a 3-mile radius.
- The offering boasts rare annual rent increases of 1.8%.
- Less than a mile from the 643,052-square-foot Northtown Mall.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,268 SF
Building Class
B
Year Built
1997
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.83 AC
Zoning
Commercial - Commercial (NEC)
Parking
139 Spaces (22.18 Spaces per 1,000 SF Leased)
Frontage
207’ on NW Springbrook Dr
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $972,500 | |
| Land Assessment | $558,000 | Total Assessment | $1,530,500 |
