Available For Sale - Retail

20,567 SF | Show Pricing $

LISTED BY

Lisa Christianson
Christianson & Company Commercial Real Estate Services/CORFAC International, 952-393-1212

AVAILABILITY DETAILS

Size
20,567 SF
Price/SF
Show Pricing $
Listing ID
SA553854
Notes


OFFERING SUMMARY

• Address: 17625 Kenrick Avenue | Lakeville, MN 55044

• Year Built: 2011

• Land Area (Acres): 2.35 acres (102,366 sf)

• Building SF: 20,567



FINANCIAL SUMMARY

• Offering Price: $3,400,000

• Price PSF: $165.31

• NOI (In-Place): $241,045

• Cap Rate (In-Place): 7%

• Lease Type: Modified Gross (utilities separate)

• 2024 Estimated CAM/INS: $2.54 psf and Tax: $3.46 psf

• 2024 Tax: $71,230



INVESTMENTS HIGHLIGHTS:

• Dakota County

• Single tenancy

• 100% Occupied

• National tenant (Salvation Army)

• Lease Terms: 9/1/2024 to 8/31/2034

• Zoning: C-3 Retail Building

• Ceiling Height: 16.5’ to the deck, and 14.3’ to the bar joists

• Dock Doors: 2 with leveler

• Brand new high efficiency LED lights

• Interior is sprinkled and equipped with an alarm system

• Exterior irrigation system

• Parking Spaces: 96

• Signage visible from I-35 and located off County Road 50

• Located in the growing community of Lakeville
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Lisa Christianson, Christianson & Company Commercial Real Estate Services/CORFAC International
BRE# 20313253