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15730 Emperor Ave
Apple Valley, MN 55124
Cobblestreet Marketplace · Retail Property For Sale
Investment Highlights
- 8,508 Square Foot Three-Tenant Retail Strip
- Zero Lease Rollover until 2029 | All Triple Net Leases
- Nearby Traffic Drivers Include Target, CVS, Chipotle, Texas Roadhouse, Hy-Vee, Taco Bell, Freddy’s Among Many Others
- 100% Occupied | Anchored by Caribou Coffee, Discover Strength & CLOVR Life Spa
- Dense Demographics | 5-Mile Population: 162,050 | Daytime Population: Exceeds 110,000 People
- Caribou Coffee is a Franchised Coffee Shop that Offers HighQuality, Handcrafted Beverages and Food (298 Locations in Minnesota)
Executive Summary
Marcus & Millichap is pleased to present the Cobblestreet Marketplace in Apple Valley, Minnesota. This 8,508 square foot strip center was built in 2019 and sits on a 0.71 acre parcel positioned around several national retailers. Nearby traffic drivers include Target, CVS, Chipotle, Texas Roadhouse, Hy-Vee, Taco Bell, Freddy’s among many others. With a mix of single-family homes and multi-family units, there is a steady demand for rental properties, making it a good option for investors. Cedar Avenue runs through the heart of Apple Valley, linking with Interstates 35E and 494 for easy and accessible commuting. Cobblestone Marketplace is a three-tenant retail strip, offering full
stability at 100% occupancy. Caribou Coffee is a franchised coffee shop offering high-quality, handcrafted beverages and food since 1992. There are close to 300 locations in Minnesota alone with multiple other locations across 11 countries. Discover Strength is a national strength training franchise that offers personalized workouts, body composition testing, and low back therapy. There are over 40 locations in 10 different states. CLOVR Life Spa has 3 locations and is a franchised wellness and relaxation center also offering classes and workshops to the public.
stability at 100% occupancy. Caribou Coffee is a franchised coffee shop offering high-quality, handcrafted beverages and food since 1992. There are close to 300 locations in Minnesota alone with multiple other locations across 11 countries. Discover Strength is a national strength training franchise that offers personalized workouts, body composition testing, and low back therapy. There are over 40 locations in 10 different states. CLOVR Life Spa has 3 locations and is a franchised wellness and relaxation center also offering classes and workshops to the public.
Property Facts
Sale Type
Investment
Property Type
Building Size
8,508 SF
Building Class
B
Year Built
2019
Price
$4,240,000
Price Per SF
$498.35
Cap Rate
6.75%
NOI
$286,114
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
0.71 AC
Zoning
PD
Parking
59 Spaces
Frontage
140’ on Emperor Avenue
Amenities
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 01-18068-01-010 | Improvements Assessment | $1,075,200 |
| Land Assessment | $710,700 | Total Assessment | $1,785,900 |
Property Taxes
Parcel Number
01-18068-01-010
Land Assessment
$710,700
Improvements Assessment
$1,075,200
Total Assessment
$1,785,900
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