NAI Legacy acquires industrial property for the expansion of the Jonny Pops company
Acquisition for DST Placement
Minneapolis, MN – NAI Legacy and its affiliates are pleased to announce the acquisition of the ±80,000 square foot industrial property for JonnyPops’ new corporate headquarters. The new facility, what they call the “Plant for the Future” project, is located ±30 miles outside of the Minneapolis-Saint Paul Urban District. The property is located on ±13.97 acres, at 13512 Business Center Drive, Elk River, MN 55330. The property will be financially structured as a Delaware Statutory Trust (DST) which will offer profit shares of the property to multiple investors.
Over the past 10 years, JonnyPops has grown exponentially and their products are sold coast to coast. The Plant for the Future project brings together the facility and equipment requirements for JonnyPops to continue its expansion. Today, JonnyPops’ mission is to make creamy treats that are better for you using only simple ingredients.
Julie Bauch, Acquisition Broker and Property Manager of NAI Legacy, said, “It has been an honor to assist the JonnyPops team with their growth plans. They have an incredible history and a great product; the perfect combination for exponential success.
JonnyPops was founded by two college students in 2011, using blenders and real fruit in dorm rooms. Now JonnyPops are now sold at stores such as HE-B, Whole Foods, Hy-Vee, Amazon Fresh, Wegmans, Fareway, SpartanNash, Costco, Sam’s Club, Sprouts, Roundy’s, Walmart, Target, Albertson’s and many more nationally recognized retailers. . JonnyPops has succeeded in part because of its fruit bar sales, but also because of its business model of innovation and generosity. They are constantly researching new flavors and setting up more profitable production. Thus, they are able to ensure customer satisfaction and product profitability. They also founded the “Kindness Is Golden” model where customers are rewarded for doing every good deed written on the JonnyPops sticks. Due to its impressive business model and quality product, JonnyPops has exploded in business opportunities. Both founders have gained a large following; they’ve appeared in “Forbes Under 30” and their products are now found in public schools in over 35 states for over 5 million students.
“This is a really fun real estate transaction for investors. There will be approximately $3.5 million in leasehold improvements to this facility, and the return on investment will be greater than most DSTs currently offer. We are thrilled to own this property as we believe in both business and real estate.” commented Amelia Bjorklund, investment analyst.
About NAI Legacy
NAI Legacy is the tax-efficient investment platform of the NAI global network. NAI Legacy operates as both a provider of real estate investment products and investment services. Our investment division provides our private clients with tax-efficient real estate investment solutions such as Delaware Statutory Trust (DST) offerings, funds and direct investment opportunities. Our service divisions provide clients with comprehensive investment solutions through brokerage, property management and accounting. Through our affiliation with the NAI Global Network, we have direct access to all major US markets with over 300 offices. Our unique product and service offerings backed by a national network allow us to tailor investment services directly to a client’s unique investment criteria across asset classes, geography, risk tolerance and investment preferences.
For more information on commercial real estate tax strategies contact one of our team members at www.nailegacy.com