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1992-2000 Rahncliff Ct
Eagan, MN 55122
Eagan Retail Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 100% occupied retail center with excellent historical occupancy.
- Well located with easy access to both Highway 77 and 35E.
- Future upside potential with majority of tenants at below market rental rates.
- Strong retail corridor featuring Target, Trader Joe’s, Cub Foods and many other national retailers.
- Cliff road features more than 20,000 daily drivers and 35E features more than 70,000 cars per day.
- 80,000 homes are located within a 5-mile radius of the property.
EXECUTIVE SUMMARY
CBRE is pleased to exclusively present the opportunity to acquire the Eagan Retail Center. This offering includes two buildings totaling 10,018 square feet of retail and medical space, situated on an oversized parcel. The shopping center is located on a signalized hard corner within the Cliff Road retail trade area, and benefits from being shadow-anchored by Target. The tenancy is diverse, comprising of national, regional, and local service-based tenants. With the majority of rents significantly below those of new construction competitors, the property enjoys high tenant demand and strong future occupancy fundamentals for a prospective owner.
The property is well-positioned with 80,000 households within a 5-mile radius, and an average household income of over $133,000 within a 3-mile radius. Key traffic drivers in the immediate area include Target, Cub Foods, Trader Joe’s, Emagine Theaters, as well as a variety of retailers and dining options.
This offering provides an opportunity to acquire a stabilized Class A med-retail investment in a highly sought-after retail trade area within the south metro of the Twin Cities.
The property is well-positioned with 80,000 households within a 5-mile radius, and an average household income of over $133,000 within a 3-mile radius. Key traffic drivers in the immediate area include Target, Cub Foods, Trader Joe’s, Emagine Theaters, as well as a variety of retailers and dining options.
This offering provides an opportunity to acquire a stabilized Class A med-retail investment in a highly sought-after retail trade area within the south metro of the Twin Cities.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
10,018 SF
Building Class
B
Year Built
2013
Price
$4,500,000
Price Per SF
$449.19
Cap Rate
7%
NOI
$315,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Parking
40 Spaces (3.99 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,298,500 | |
| Land Assessment | $911,200 | Total Assessment | $3,209,700 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$911,200
Improvements Assessment
$2,298,500
Total Assessment
$3,209,700
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