Investment Grade S&P Rated Tenant/Guarantee – The property is leased to and guaranteed by the Centennial School District, which is part of the Minnesota Department of Education and holds a top S&P credit rating of AA+/A.
Annual Rent Growth – The lease features 1.5% annual increases for the balance of the term, providing excellent income for an investor.
Successful Operating History – Centennial School District 12 has operated successfully at this location since 2002.
Commitment to Site – Centennial School District 12 executed an early 15 year lease renewal in 2006, showing their commitment to the site.
Excellent Proximity to Neighboring Partnership Schools – The subject property is within a 2-mile radius of surrounding schools, including Centennial Senior High School, Centennial Middle School, and several Elementary Schools.
Proximity to Minneapolis-St. Paul – The location of the subject property allows for quick access to Downtown Minneapolis (16 miles) or St. Paul (17 miles). The Minneapolis-St Paul MSA is the 16th largest MSA in the United States, and home to 16 of Minnesota’s 17 Fortune 500 headquarters.