CSP MN DST
Overview
CSP MN DST consists of two Holiday-branded gas and convenience store properties located in Minnesota within the Minneapolis–St. Paul metropolitan area. The properties are situated in established suburban markets with strong traffic exposure and surrounding residential and retail uses. Each asset is operated under a long-term, absolute triple-net (NNN) lease structure designed to provide passive ownership with limited landlord responsibilities. The Holiday brand is part of Alimentation Couche-Tard, a global convenience store operator with a broad national and international footprint. The portfolio offers exposure to essential retail assets supported by daily consumer demand and established operating locations.
Terms
|
Total Offering |
$10,675,000 |
|
Equity |
$4,175,000 |
|
Debt |
$6,500,000 |
|
LTV |
60.88% |
|
Cities |
Blaine & Champlin, MN |
|
Market |
Twin Cities, MN |
|
Blaine SQFT |
7,875 |
|
Champlin SQFT |
2,904 |
|
Blaine Tenant |
Blaine Gas Inc. |
|
Champlin Tenant |
Champlin Gas Inc. |
|
Lease Commencement |
12/30/2020 |
|
Lease Expiration |
12/31/2035 |
Location
The Minneapolis–St. Paul metropolitan area (the Twin Cities) is the largest metropolitan region in Minnesota and serves as a regional center for business, healthcare, and transportation. The area includes a broad mix of urban and suburban communities supported by established infrastructure and a diverse employment base. Land use in the region consists of residential, retail, and professional development across multiple submarkets, providing context for a range of commercial real estate uses.