16001 Elmhurst Ln | Apple Valley, MN 55124
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16001 Elmhurst Ln
Apple Valley, MN 55124
Lakeville PetSmart · Retail Property For Sale
PROPERTY FACTS
Property Type
Building Size
18,007 SF
Building Class
B
Year Built
2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.87 AC
Parking
95 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
198’ on Elmhurst Lane
ABOUT 16001 ELMHURST LN , APPLE VALLEY, MN 55124
This is an excellent opportunity to purchase an investment property for $4,700,000 at 6.50% cap rate, with 9 years remaining on a 10 year lease. This lease includes $1.00 psf rent increases every 5 years and in each of the four 5-year renewal options. Petsmart opened for business in March 2017.
PROPERTY TAXES
| Parcel Number | 22-71355-01-010 | Improvements Assessment | $1,771,800 |
| Land Assessment | $1,535,200 | Total Assessment | $3,307,000 |
PROPERTY TAXES
Parcel Number
22-71355-01-010
Land Assessment
$1,535,200
Improvements Assessment
$1,771,800
Total Assessment
$3,307,000
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