18655 73rd Ave N
Maple Grove, MN 55311
New Creations · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New Creations has 12 years and 4 months remaining on the lease with 3% annual rent increases beginning in year 6.
- Located across the intersection from a newly built Hy-Vee. Hy-Vee opened in 2019 and has been attracting adjacent development ever since.
- Maple Grove serves as the retail, cultural, and medical center of the northwest region of the Minneapolis-Saint Paul metropolitan area.
- New Creations was newly constructed in 2021 and is ideally located in the heart of six new housing developments.
- Excellent demographics with an average household income of $192,224 within a 1-mile radius and population of 110,800 within a 5-mile radius.
- Maple Grove is home to Arbor Lakes, Minnesota’s first Lifestyle Center. Combined these four shopping areas have more retail space than anywhere else.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Day Care Center
Building Size
12,789 SF
Building Class
C
Year Built
2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.55 AC
Frontage
294’ on Troy Lane North
PROPERTY TAXES
| Parcel Number | 30-119-22-31-0101 | Improvements Assessment | $2,010,400 |
| Land Assessment | $1,106,500 | Total Assessment | $3,116,900 |
