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14700 Lac Lavon Dr 15,225 SF Retail Building Burnsville, MN 55306 $3,100,000 ($203.61/SF) 7.10% Cap Rate
Investment Highlights
- Excellent visibility along County Road 42
- Surrounded by commercial and residential development
- Expansion completed in 2005, and features a drive thru lane on the east side of the building
Executive Summary
Great Investment opportunity. Strategically positioned on a prominent retail corridor, this single-tenant Walgreens enjoys exceptional visibility along County Road 42, nestled between major interstates I-35E/I-35W and Cedar Avenue. The property sits on a 1.73 acre site and features a 15,225 square foot building constructed in 1991. With strong traffic counts and proximity to key residential and commercial areas, this location offers a stable investment opportunity in a high-demand retail zone.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
15,225 SF
Building Class
B
Year Built/Renovated
1991/2005
Price
$3,100,000
Price Per SF
$203.61
Cap Rate
7.10%
NOI
$220,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.73 AC
Parking
70 Spaces (5.19 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
- Signalized Intersection
- Drive Thru
Walk Score®
Very Walkable (70)
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-18090-01-011 | Improvements Assessment | $2,002,500 |
| Land Assessment | $727,100 | Total Assessment | $2,729,600 |
Property Taxes
Parcel Number
02-18090-01-011
Land Assessment
$727,100
Improvements Assessment
$2,002,500
Total Assessment
$2,729,600
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14700 Lac Lavon Dr
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