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8798 Parkview Ave NE
Otsego, MN 55330
Heartland Dental & Dunkin' · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Brand New 10-Year Leases with 10 Percent Rental Increases Every Five Years and Multiple Renewal Options
  • 100% Leased to Two Diverse National Tenants
  • 52,049 Residents within a Five-Mile Radius - Minneapolis MSA
  • New High-Quality 2022 Construction with a Drive-Thru
  • Subject Property is the 2023 Winner of the Minnesota Shopping Center Association STARR Award for New Construction: Retail Multi-Tenant under 10,000 SF
  • Households are Projected to Increase Over 11 Percent in the Immediate Area by 2027

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
5,418 SF
Building Class
B
Year Built
2022
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
1.19 AC
Parking
14 Spaces (2.58 Spaces per 1,000 SF Leased)
Frontage
74’ on Parrish Ave NE

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
118-357-001010
Land Assessment
$607,900
Improvements Assessment
$663,600
Total Assessment
$1,271,500
  • Listing ID: 28363287

  • Date on Market: 5/1/2023

  • Last Updated:

  • Address: 8798 Parkview Ave NE, Otsego, MN 55330

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