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14700 Lac Lavon Dr 15,225 SF Retail Building Burnsville, MN 55306 $4,288,509 CAD ($281.68 CAD/SF) 7.10% Cap Rate
INVESTMENT HIGHLIGHTS
- Excellent visibility along County Road 42
- Surrounded by commercial and residential development
- Expansion completed in 2005, and features a drive thru lane on the east side of the building
EXECUTIVE SUMMARY
Great Investment opportunity. Strategically positioned on a prominent retail corridor, this single-tenant Walgreens enjoys exceptional visibility along County Road 42, nestled between major interstates I-35E/I-35W and Cedar Avenue. The property sits on a 1.73 acre site and features a 15,225 square foot building constructed in 1991. With strong traffic counts and proximity to key residential and commercial areas, this location offers a stable investment opportunity in a high-demand retail zone.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
15,225 SF
Building Class
B
Year Built/Renovated
1991/2005
Price
$4,288,509 CAD
Price Per SF
$281.68 CAD
Cap Rate
7.10%
NOI
$304,346 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.73 AC
Parking
70 Spaces (5.19 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Signage
- Signalized Intersection
- Drive Thru
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02-18090-01-011 | Improvements Assessment | $2,825,528 CAD |
| Land Assessment | $1,025,938 CAD | Total Assessment | $3,851,466 CAD |
PROPERTY TAXES
Parcel Number
02-18090-01-011
Land Assessment
$1,025,938 CAD
Improvements Assessment
$2,825,528 CAD
Total Assessment
$3,851,466 CAD
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14700 Lac Lavon Dr
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