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

rbarr@lee-associates.com
O. 760.448.2446
F. 760.929.9977

Ryan Bennett

rbennett@lee-associates.com
O. 760.448.2449
F. 760.929.9977