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Plaza West 4301-4395 Highway 13 W 19,489 SF 100% Leased Retail Building Savage, MN 55378 $2,500,000 ($128.28/SF) 7.18% Cap Rate
INVESTMENT HIGHLIGHTS
- Great Highway Exposure (44,000 DTA)
- Fully Leased (NNN)
- Metered Units
- Adjacent to Savage Downtown Redevelopment Plan
EXECUTIVE SUMMARY
Great financial opportunity. Fully leased strip mall with long-term tenants and excellent payment history. Each unit has their own meter, HVAC unit, bathroom and exterior entrance. Unobstructed exposure to MN Hwy 13 with an average of 44,000 vehicles per day. Please do not disturb tenants.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
19,489 SF
Building Class
C
Year Built
1982
Price
$2,500,000
Price Per SF
$128.28
Cap Rate
7.18%
NOI
$179,503
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
1.87 AC
Zoning
Commerical - C-3, Downtown Development District
Parking
63 Spaces (3.23 Spaces per 1,000 SF Leased)
Frontage
353’ on 123rd St
AMENITIES
- Pylon Sign
- Security System
- Signage
- Tenant Controlled HVAC
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 26-006-002-0 | Total Assessment | $1,885,500 |
| Land Assessment | $1,016,400 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $869,100 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
26-006-002-0
Land Assessment
$1,016,400
Improvements Assessment
$869,100
Total Assessment
$1,885,500
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Plaza West | 4301-4395 Highway 13 W
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