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1940 Donegal Dr 7,542 SF 100% Leased Retail Building Woodbury, MN 55125 $6,450,000 ($855.21/SF) 6% Cap Rate
Investment Highlights
- STARBUCKS GROUND LEASE | LONG-TERM CORPORATE TENANCY
- WEIGHTED AVERAGE LEASE TERM
- HIGH TRAFFIC COUNTS | DOMINANT INTERSECTION
- NEW CONSTRUCTION | LOW FUTURE CAPEX
- TOP TWIN CITIES TRADE AREA | STRONG DEMOGRAPHICS
Executive Summary
City Center Marketplace (the “Property”) is a recently developed unanchored retail center located in one of the top Twin Cities trade areas, Woodbury, Minnesota. Positioned at the highly trafficked, fully signalized intersection of Valley Creek Rd, and Radio Dr. two of the primary retail arteries in the Woodbury trade area.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
7,542 SF
Building Class
B
Year Built
2022
Price
$6,450,000
Price Per SF
$855.21
Cap Rate
6%
NOI
$387,095
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
1.73 AC
Zoning
R - Retail
Moderately walkable
60/100
Exceptionally drivable
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,658,600 | |
| Land Assessment | $1,576,300 | Total Assessment | $3,234,900 |
Property Taxes
Parcel Numbers
Land Assessment
$1,576,300
Improvements Assessment
$1,658,600
Total Assessment
$3,234,900
Contacts
-
Amy Senn -
Bryce Thompson -
Joe Girardi -
Eric Geskermann -
Mid-America Real Estate Corp.
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1940 Donegal Dr
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