17625 Kenrick Ave, Lakeville, MN 55044
RETAIL For SaleYear Built: 2011
Floors: 1
| Space | Size | Type | Pricing |
|---|---|---|---|
| 20,567 Freestanding Building for Sale - New 10 Year Lease in Place! | SALE | $3,400,000.00 |
Lisa Christianson - Colliers
PHONE: 9523931212
PHONE: 9528977760
Laura Gill - Colliers
PHONE: 6123105399
PHONE: 9529215844
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): $237,740.50 • 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 • Located in the growing community of Lakeville