Centennial School District | Credit Guarantor
Circle Pines, MN
Price: $4,979,000Cap Rate: 9.84%Building SF: 26,433 SFLot Size: 1.99 AcresYear Built: 1972/Ren 2006Status: Under Contract

Investment Highlights: 

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.

Ryan Barr

O. 760.448.2446
F. 760.929.9977

Ryan Bennett

O. 760.448.2449
F. 760.929.9977