www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
24262034
24262033

198 Northtown Dr, Blaine, MN 55434

BB
MN MN 40546562, WI WI 56114 (+1)
Brisky Net Lease
LC
MN 40962508
Brisky Net Lease
Listed by Brisky Net Lease
$3,560,454
488 days on market
Updated 77 days ago

Sky Zone Trampoline Park | Blaine, MN

Details
Property Type Retail, Special Purpose
Sub Type Shopping Center, Sports/Entertainment (+1)
Square Footage 30,499
Units 1
Cap Rate 9.25%
NOI $329,342
Occupancy 100%
Tenancy Single
Brand/Tenant Sky Zone
Lease Type Gross
Lease Term 10.1
Lease Expiration 03/31/2028
Remaining Term 1.8
Rent Bumps Yes
Lease Options Two 5-Year
Year Built 1972
Year Renovated 2019
Buildings 1
Acreage 2.000
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/10/2018
Ground Lease No

Retail | 9.25% CAP | 30,499 SF

Marketing description

Prime Retail Location -
Sky Zone is a prominent outparcel of Northtown Mall, the premier shopping destination in Blaine and part of the Minneapolis–St. Paul–Bloomington, MN–WI Metropolitan Area. Northtown Mall ranks in the top 75th percentile of regional malls nationwide, reinforcing the area's status as a retail hub. The Northtown submarket boasts strong retail demand, with a remarkably low vacancy rate of just 1.9%, and general retail vacancies at only 0.5%.

High Visibility & Easy Access -
The property enjoys exceptional access and visibility, positioned at the signalized intersection of Highway 47 (31,500 VPD) and 85th Ave NW (15,600 VPD). Additionally, it is near major Twin Cities thoroughfares, including Highway 65 (58,000 VPD) and US-10 (97,105 VPD), ensuring strong connectivity and traffic flow.

Strong Demographics and Growing Population -
Located just 13 miles north of Minneapolis, Blaine is a thriving Twin Cities suburb experiencing steady population growth and strong demographics. Consistently ranking among the top cities for new home construction, Blaine has also been recognized as one of Money Magazine’s Top 100 Best Places to Live. The area within a five-mile radius of the property has a population exceeding 228,000, with an average household income of over $101,000.

Recently Updated Building -
Renovated to meet tenant specifications, the building offers excellent visibility and ample parking. Sky Zone holds roof and structural responsibility and installed a brand-new thermoplastic polyolefin (TPO) roof in 2019, ensuring long-term durability.

Strong, Established Tenant -
Sky Zone is the premier leader in indoor active entertainment in the United States, with over 260 parks owned, operated, and franchised nationwide. Founded in 2004 as the first trampoline park of its kind, the brand has evolved into a top destination for active play, offering its 500,000+ members more than 60 exciting attractions.

Listing Contacts

BB
MN MN 40546562, WI WI 56114 (+1)
Brisky Net Lease
LC
MN 40962508
Brisky Net Lease
Listed by Brisky Net Lease

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$329,342.00
$27,445.17/mo

Valuation Metrics

0
DSCR
9.25%
Cap Rate
9.25%
ROI

Map

Zoning

Intelligence Badge
MU MixedMixed UseCounty Road 10 Mixed Use District
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 51 uses
View all 51 uses
Last updated May 23, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Brian Brisky
License
MN 40546562
Name
Lexi Caloud
License
40962508
Brokerage
Brisky Net Lease
Title
Associate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591