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5440-5480 S Robert Trl
Inver Grove Heights, MN 55077
Salem Heights · Retail Property For Sale
Investment Highlights
- Well-located shopping center at a signalized hard corner with excellent visibility and access to I-494.
- Strong occupancy history with many tenants in place for more than 10 years.
- Offered at an attractive price point with an 8.65% capitalization rate and a 10% projected cash-on-cash return.
- Anchored by a mix of credit and local tenants, including established national brands.
- Seller will master lease the remaining vacancy, providing stable cash flow and reduced leasing risk.
Executive Summary
Salem Heights Shopping Center presents a strong investment opportunity within the high-demand Inver Grove Heights and West St. Paul trade areas. This multi-tenant retail center occupies a prominent corner location at a signalized intersection with excellent visibility and accessibility from I-494, providing gateway access to both communities.
The property totals 8,400 square feet and is well leased, offering a balanced tenant mix of national and local businesses, including recognized brands such as Enterprise and Avis. Many of the tenants have maintained occupancy for over a decade, demonstrating stability and long-term tenancy. The seller will master lease the remaining vacancy, ensuring consistent income and minimizing leasing risk for an incoming owner.
Financial performance is compelling, with a capitalization rate of 8.65% and projected cash-on-cash return of 10%. Offered at $1,600,000—or $190 per square foot—the center delivers durable cash flow supported by strong market fundamentals and limited future leasing obligations due to the master lease arrangement.
Located in a thriving submarket with high traffic counts and dense demographics, Salem Heights Shopping Center is positioned to benefit from sustained retail demand and continued economic growth in the Twin Cities metro area.
The property totals 8,400 square feet and is well leased, offering a balanced tenant mix of national and local businesses, including recognized brands such as Enterprise and Avis. Many of the tenants have maintained occupancy for over a decade, demonstrating stability and long-term tenancy. The seller will master lease the remaining vacancy, ensuring consistent income and minimizing leasing risk for an incoming owner.
Financial performance is compelling, with a capitalization rate of 8.65% and projected cash-on-cash return of 10%. Offered at $1,600,000—or $190 per square foot—the center delivers durable cash flow supported by strong market fundamentals and limited future leasing obligations due to the master lease arrangement.
Located in a thriving submarket with high traffic counts and dense demographics, Salem Heights Shopping Center is positioned to benefit from sustained retail demand and continued economic growth in the Twin Cities metro area.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,400 SF
Building Class
B
Year Built
1983
Price
$1,600,000
Price Per SF
$190.48
Cap Rate
8.65%
NOI
$138,404
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
1.53 AC
Zoning
B-2 - Commercial
Parking
97 Spaces (9.76 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 20-65900-01-060 | Improvements Assessment | $532,800 |
| Land Assessment | $551,200 | Total Assessment | $1,084,000 |
Property Taxes
Parcel Number
20-65900-01-060
Land Assessment
$551,200
Improvements Assessment
$532,800
Total Assessment
$1,084,000
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