Listed by Upland Real Estate Group Inc
$7,870,700
National Sports Village
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 16,998
Cap Rate 7.5%
NOI $590,302
Tenancy Multi
Brand/Tenant Scooter's Coffee, The PARC
Lease Type Net
Price per SqFt $463
Year Built 2024
Acreage 0.710
Investment Type Net Lease
Tenant Credit Franchisee
Ground Lease Yes
Scooter's Coffee, The PARC, ProteinHouse, The Cigar Room | Blaine, MN | 7.50% Cap
Marketing description
This property is located within The National Sports Center, a 600+ acre multi-sport complex in Blaine. The National Sports Center is the largest amateur sports complex in North America. The facility includes a soccer stadium with over 50 full-sized soccer fields, a PGA Tour designed 18-hole golf course, a meeting and convention facility, and an eight-sheet ice rink. The NSCF produces over 100 unique programs and events in a variety of sports including Soccer, Hockey, Golf, Skating, and much more, as well as hosting numerous national and international competitions. These events draw over 4 million visitors each year, making it the most visited sports facility in Minnesota.
Investment highlights
- The National Sports Village is a Leasehold Investment property which allows 100% depreciation of the building. Tenants include Scooter's Coffee, The PARC, Northstar Cigars, and ProteinHouse.
- A+ location next to The National Sports Center, a 600+ acre multi-sports complex in Blaine, the largest amateur sports complex in North America drawing in 4 million+ visitors each year. The National Sports Center will host the Special Olympics in 2026 with 4,000+ athletes representing all 50 states.
- The National Sports Center facility includes a soccer stadium with over 50 full-sized soccer fields, a PGA Tour designed 18-hole golf course, a meeting and convention facility, and an eight-sheet ice rink. The NSCF produces over 100 unique programs and events in a variety of sports including Soccer, Hockey, Golf, Skating, and much more, as well as hosting numerous national and international competitions.
- Also nearby, the 105th Avenue Redevelopment, a 60 acre mixed use redevelopment project incorporating restaurants, stadium, entertainment, hospitality and residential uses is currently underway with a Spring 2026 opening. The most notable part of the early construction is the 5,000 seat multi-use event stadium that will be home to a minor league baseball team and many other events throughout the year.
- Excellent demographics with a 1-mile average household income of $158,075 and population of 170,207 within a 5-mile population.
- Blaine is located approximately 17 miles north of Minneapolis and is home to the TPC Twin Cities Golf Course and which hosts the 3M Open PGA Tournament each year drawing approximately 120,000 spectators.
- The Anoka County Airport, located just south of the National Sports Village, is one of the busiest private airports in the Midwest with approximately 71,000+ annual takeoffs and landings.
- A 250,000 SF Scheels is expected to open in Spring of 2028 near the National Sports Village. The Blaine's Scheels store will feature a ferris wheel, candy shop, 16,000-gallon saltwater aquarium filled with over 600 fish, a restaurant, interactive arcade games, and a wildlife mountain.
Listing Contacts
Listed by Upland Real Estate Group Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$590,302.00
$49,191.83/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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