1685-1725 Robert St S
West Saint Paul, MN 55118
Bio-Science Anchored Center · Retail Property For Sale
![1685-1725 Robert St S, West Saint Paul, MN for sale - Other - Image 1 of 1](https://images1.loopnet.com/i2/34w9AYFH0FriY_YCimICl7HxpDIW1pRVV6f7uMe_HD0/110/1685-1725-Robert-St-S-West-Saint-Paul-MN-Other-1-Large.jpg)
PROPERTY FACTS
AMENITIES
- Signage
- Signalized Intersection
ABOUT 1685-1725 ROBERT ST S , WEST SAINT PAUL, MN 55118
Newly built in 2017, the Property is 100% occupied by three total tenants - Talecris Plasma Resources, Qdoba and Jersey Mike’s - in two internet-resistant industries - bioscience and food service - all of which rely heavily on brick-and-mortar locations. Talecris, who anchors the property, is a part of a rapidly growing industry that is anticipated to quadruple over the next ten years as the demand for plasma continues to increase given its current use for treating ilnesses like Cancer, Alzheimer’s and Ebola. Talecris’s publicly traded parent company, Grifols, S.A. (NASDAQ: GRFS) is one of the largest multinational pharmaceutical and chemical companies in the world, achieving $4.3 billion of revenue in 2017 with operations in over 100 countries worldwide. Each tenant is operating under a brand new ten-year enhanced NNN lease where Landlord responsibility is limited primarily to structural components, an obligation substantially mitigated given the Property’s new construction and Tenants’ reimbursement of capital expenses. Additionally, the rent roll offers attractive returns via rental increases in both the base term and option periods of each tenants’ lease, that help hedge against inflation and rising interest rates.
LINKS
Listing ID: 13606926
Date on Market: 8/27/2018
Last Updated:
Address: 1685-1725 Robert St S, West Saint Paul, MN 55118
The Retail Property at 1685-1725 Robert St S, West Saint Paul, MN 55118 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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