2537-2577 County Road 10 NE | Mounds View, MN 55112
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- LoopNet Team
2537-2577 County Road 10 NE
Mounds View, MN 55112
Mounds View Square · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- With occupancy at 76% and average rent at under $12/SF, Mounds View Square presents a unique value-add opportunity
- Within the last year, national tenants such as Planet Fitness and AutoZone have signed new leases at the center
- The property is situated on three hard corners, two of which are signalized intersections, making the property highly visible from all sides
- The center is anchored by ALDI (19% of GLA) and Planet Fitness (20% of GLA), the latter of which recently signed a new 12-year lease
- Within the last year, several tenants have renewed for 7 years or more, such as Little Caesars, Caribou Coffee, Pink Flower, and Platinum Nails
- Within a three-mile radius of the center, the vacancy rate for multi-tenant retail is sub-5.0%, and there is 0 SF under construction
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
103,542 SF
Building Class
B
Year Built/Renovated
1974/1993
Percent Leased
76%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
9.64 AC
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
- Monument Signage
PROPERTY TAXES
| Parcel Number | 07-30-23-11-0080 | Improvements Assessment | $5,734,700 |
| Land Assessment | $2,940,700 | Total Assessment | $8,675,400 |
PROPERTY TAXES
Parcel Number
07-30-23-11-0080
Land Assessment
$2,940,700
Improvements Assessment
$5,734,700
Total Assessment
$8,675,400
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