Contacts
Property Details
- Property Type Retail
- Property Size 20,567 SF
- Lot Size 2.35 SF
- Year Built 2011
- Date Updated Feb 5, 2025
20,567 FREESTANDING BUILDING FOR SALE - 100% LEASED, NEW 10 YEAR LEASE IN PLACE!
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): $241,190
- Cap Rate (In-Place): 7%
- Lease Type: Modified Gross (utilities separate)
INVESTMENTS HIGHLIGHTS:
- 100% Occupied
- National credit tenant (Salvation Army)
- Lease Term: 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
Reach out to the broker for more info on lease terms and amenities
Getting around
-
55/100
Walk Score ®
-
46/100
Bike Score ®
Location
- City Lakeville, MN
- Zip Code 55044
- Market Minneapolis St Paul
Points of Interest
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Speedway
0.24 miles
-
Holiday
0.33 miles
-
Fleet Farm Gas Mart
0.43 miles
-
Kwik Trip
1.43 miles
-
Super Gas USA
3.05 miles
-
ChargePoint
9.16 miles
-
I-35 & CR 60
0.77 miles
-
Lakeville Park And Ride
0.89 miles
-
Boat Launch Parking
1.91 miles
-
Horse Camp Trail Access
2.26 miles
-
Cam Ram Park
3.28 miles
-
Lakeville Public Works Parking Lot
3.48 miles
-
Murphy-Hanrehan
3.59 miles
-
Sunset Pond Parking Lot
4.12 miles
-
Apple Valley Transit Station
4.16 miles
-
Co Rd 42 & Huntington
4.20 miles
-
DQ Grill & Chill
0.12 miles
-
Chipotle
0.16 miles
-
Papa Murphy's
0.20 miles
-
Jimmy John's
0.20 miles
-
Tak Shing
0.21 miles
-
Perkins
0.22 miles
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Red's Savoy Pizza
0.22 miles
-
Subway
0.22 miles
-
Lakeville Chinese
0.23 miles
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Green Mill Pizza
0.24 miles
-
Cub Foods
0.40 miles
-
Target
0.70 miles
-
Walmart Supercenter
3.05 miles
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ALDI
3.20 miles
-
Lunds & Byerlys
3.22 miles
-
JCPenney
3.38 miles
-
asian MarT
3.39 miles
-
Macy's
3.45 miles
-
Burnsville Center
3.46 miles
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Burnsville Crossings
3.52 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
