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34197660
34197651

2800 Mount Ridge Road, Roseville, MN 55113

JB
CA 01336201
The Kase Group
The Kase Group
Listed by The Kase Group
$18,000,000
2 days on market
Updated 2 days ago

Cibus

Details
Property Type Office
Square Footage 38,000
Cap Rate 8.22%
NOI $1,479,200
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 04/30/2038
Rent Bumps Yes
Lease Options Four, 5-Year
Class A
Year Built 2018
Acreage 11.000
Investment Type Net Lease
Lease Commencement 05/01/2018

Absolute NNN Lease

Marketing description

The Kase Group is pleased to present a rare opportunity to acquire a state-of-the-art facility located in Roseville, Minnesota. The property is secured by a 11+ year Absolute NNN Lease, offering zero landlord responsibilities and long-term peace of mind. The lease is corporately guaranteed by Cellectis S.A., a publicly traded French pharmaceutical firm (NASDAQ: CLLS), and includes 7.5% rental escalations every five years along with four (4) additional five-year renewal options.

Delivered in 2018, the asset is a premier Class-A construction situated on an expansive 11-acre corporate campus. It features cutting-edge lab and research facilities, a test kitchen, greenhouse, and outdoor demonstration plots, making it essential to the operations of the current tenant, Cibus, a leader in precision gene editing for agriculture. The location offers excellent accessibility, just five minutes from Downtown Minneapolis and eight minutes from Downtown St. Paul, with immediate access to I-35W, which sees over 139,000 vehicles per day.

The property sits within a 280-acre master-planned redevelopment that blends high-density residential, Class-A office and industrial space, retail, and hospitality. It benefits from strong surrounding demographics, including 284,204 residents in the primary trade area and 285,584 residents within five miles, along with a daytime workforce of 238,011 employees in the same radius. Average household income exceeds $99,000 within one mile. Nearby is Rosedale Center, a major regional shopping destination with more than 14 million annual visitors, recently enhanced by a $100 million renovation. The area also offers vibrant lifestyle amenities, including restaurants, hotels, entertainment venues, and outdoor recreation at Langton Park.

Investment highlights

  • Absolute NNN Lease with Zero Landlord Responsibilities
  • Corporate Guarantee - Cellectis S.A. (NASDAQ: CLLS)
  • Assumable debt at 3.61% I/O through 2029
  • 2018 Class-A Construction on 11-Acre Corporate Campus
  • Located Within 280-Acre Master-Planned Mixed-Use Redevelopment
  • 5 Minutes to Downtown Minneapolis, 8 Minutes to Downtown St. Paul
  • Immediate Access to I-35W with 139,000 Vehicles Per Day
  • Strong 5-Mile Demographics - 285,584 Residents and 238,011 Daytime Employees
  • Affluent Area - Average Household Income Exceeds $99,000 Within 1 Mile
  • Near University of Minnesota Agricultural and Resource Sciences Campus (3,335 Students)
  • Across from Rosedale Center - 14+ Million Annual Visitors
  • Adjacent to $100 Million Regional Retail Renovation
  • Surrounded by Restaurants, Hotels, Entertainment, and Langton Park Trails

Listing Contacts

JB
CA 01336201
The Kase Group
The Kase Group
Listed by The Kase Group

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,479,200.00
$123,266.67/mo

Valuation Metrics

0
DSCR
8.22%
Cap Rate
8.22%
ROI

Map

Zoning

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MU-2B MixedMixed UseCommunity Mixed Use B
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Sean Stark
License
40622986
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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