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- LoopNet Team
11350 Aquila Dr N
Champlin, MN 55316
South Pond Center · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Dedicated Turn Lane
- Signage
ABOUT 11350 AQUILA DR N , CHAMPLIN, MN 55316
Marcus & Millichap is pleased to offer for sale the South Pond Shopping Center in Champlin, Minnesota. The center is a 26,020 square foot multi-tenant retail building surrounded by roof tops and many other retailers, including Cub Foods, Walgreens, and a recently constructed center anchored by Starbucks and Chipotle. It sits just off the intersection of the heavily travelled Highway 169 (41,000+ traffic counts), and Elm Creek Parkway. South Pond Center consists of predominately local tenants. Many have been at this center for 10 years or more. Others that are new to the center have been active in the market for nearly 20 years. South Pond is currently 85 percent occupied, leaving an investor room to grow value through the lease-up of the vacant space. There are also a number of tenants with below market rents, giving a new owner the ability to naturally grow the net operating income as tenants renew. With the positive momentum of new construction in the immediate area, South Pond Center is poised to take advantage of a growing market.
PROPERTY TAXES
| Parcel Number | 31-120-21-42-0073 | Improvements Assessment | $2,598,000 |
| Land Assessment | $891,000 | Total Assessment | $3,489,000 |
PROPERTY TAXES
