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LA Fitness 15135 Galaxie Ave 45,050 SF Retail Building Apple Valley, MN 55124 $18,952,406 CAD ($420.70 CAD/SF) 7% Cap Rate

Retail Spaces Minnesota 15135 Galaxie Ave, Apple Valley, MN 55124

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INVESTMENT HIGHLIGHTS

  • National Tenant Synergy: The property is surrounded by some of the nations top retailers including Target, The Home Depot, Walmart, Chick Fila A, etc
  • Traffic Counts: The property benefits from high traffic counts, with over 40,000 vehicles passing by on a daily basis
  • Capital Improvements: The landlord has invested ±$500,000 in capital improvements to the property, including upgrades to the parking lot
  • Demographics: The property is located in a densely populated area of Dakota County, with over 90,000 people living within a 3-mile radius
  • Area Development: The property is located in a growing area of Minnesota, with a strong economy and low unemployment rates
  • LA Fitness Lease: In 2017, LA Fitness signed a 15-year lease extension for the property, demonstrating their long-term commitment to the location

EXECUTIVE SUMMARY

Broker of Record
Brian Brockman
License # 40628603 (MN)
Bang Realty, Inc.
2939 Vernon Place Cincinnati OH 45219
(866) 889-0550

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Health Club
Building Size
45,050 SF
Building Class
B
Year Built
2007
Price
$18,952,406 CAD
Price Per SF
$420.70 CAD
Cap Rate
7%
NOI
$1,326,668 CAD
Tenancy
Single
Building Height
1 Story
Frontage
192’ on 151st St

AMENITIES

  • Bus Line
  • Pylon Sign
  • Signage

LINKS

1 1

NEARBY MAJOR RETAILERS

LA Fitness
BMO
Noodles & Company
IHOP
U.S. Bank
Grizzly's Grill N' Saloon
Starbucks
Dunn Brothers Coffee
Old National
Red Robin

PROPERTY TAXES

Parcel Number 01-18225-01-010 Improvements Assessment $3,880,559 CAD
Land Assessment $4,322,545 CAD Total Assessment $8,203,104 CAD

PROPERTY TAXES

Parcel Number
01-18225-01-010
Land Assessment
$4,322,545 CAD
Improvements Assessment
$3,880,559 CAD
Total Assessment
$8,203,104 CAD
(949) 777-5984

Still interested?

Contact the broker for more information about this property

CONTACT

  • Listing ID: 38059537

  • Date on Market: 2025-10-13

  • Last Updated:

  • Address: 15135 Galaxie Ave, Apple Valley, MN 55124

The Retail Property at 15135 Galaxie Ave, Apple Valley, MN 55124 is currently available for Sale. Contact Matthews Real Estate Investment Services for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

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LA Fitness | 15135 Galaxie Ave
(949) 777-5984 x

LA Fitness | 15135 Galaxie Ave

Brandon Perez
(949) 777-5984

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