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2500 Cleveland Ave N 40,000 SF 92% Leased Retail Building Roseville, MN 55113 $7,250,000 ($181.25/SF) 7.11% Cap Rate
Investment Highlights
- Retail frontage to 35W with 115,247 traffic counts per day!
- 6 small-bay warehouse tenants- easy to backfill if vacancies arise
- WALT: 3.57 years
- Strong Anchor Tenant (Goodwill) occupies 50% of the center with 6.25 years of term remaining
- Retail & Industrial tenant mix
- Triple Net Lease Structures- perfect for 1031 exchange and minimal management!
Executive Summary
KW Commercial is pleased to present investors with the opportunity to acquire 2500 Cleveland Avenue N., a 7-unit, 92% occupied industrial/retail building located with prime visibility to 35-W in Roseville, Minnesota. This asset is institutional grade quality with a long-term Goodwill tenant with 6.25 years of term remaining, and six easy-to-lease small bay warehouse bays.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
40,000 SF
Building Class
B
Year Built/Renovated
1966/2006
Price
$7,250,000
Price Per SF
$181.25
Cap Rate
7.11%
NOI
$515,475
Percent Leased
92%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
2.93 AC
Zoning
RB-Regional Business - Industrial and Retail permitted
Parking
88 Spaces (2.2 Spaces per 1,000 SF Leased)
Frontage
178’ on Cleveland Ave
Amenities
- Pylon Sign
- Signage
- Car Charging Station
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Multi-tenant industrial/retail building with 3,200 sq. ft. available for lease. Join co-tenants: Goodwill, Safelite Auto, Fairbanks Scales, Bath Fitters, Goodwill, and more!
| Space | Size | Space Use | Position | Available |
| H | 3,200 SF | Retail | In-Line | Now |
H
| Size |
| 3,200 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
H
| Size | 3,200 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Multi-tenant industrial/retail building with 3,200 sq. ft. available for lease. Join co-tenants: Goodwill, Safelite Auto, Fairbanks Scales, Bath Fitters, Goodwill, and more!
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 09-29-23-23-0030 | Improvements Assessment | $4,403,400 |
| Land Assessment | $1,532,100 | Total Assessment | $5,935,500 |
Property Taxes
Parcel Number
09-29-23-23-0030
Land Assessment
$1,532,100
Improvements Assessment
$4,403,400
Total Assessment
$5,935,500
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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2500 Cleveland Ave N
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