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2800 Mount Ridge RdRoseville, MN 55113
Cibus
Asset ClassIndustrial, Office
overview of deal

Overview

The Kase Group is pleased to present a rare opportunity to acquire a mission-critical, state-of-the-art facility located in Roseville, Minnesota. The property is secured by a 12+ year Absolute NNN Bond 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 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.

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Investment Highlights

  • Absolute NNN Lease
  • Zero Landlord Responsibilities
  • Corporate Guarantee – Cellectis S.A. (NASDAQ: CLLS)
  • Mission-Critical, State-of-the-Art Facility in place I/O at 3.61% 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
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2800 Mount Ridge RdRoseville, MN 55113

Sales Team

Sean StarkBroker of Record

License #: 40622986

(929) 400-3347sean@arrgmn.com
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