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15135 Galaxie Ave
Apple Valley, MN 55124
LA Fitness · Retail Property For Sale
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
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
$19,066,596 CAD
Price Per SF
$423.23 CAD
Cap Rate
7.50%
NOI
$1,429,995 CAD
Tenancy
Single
Building Height
1 Story
Zoning
C - Commercial
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 01-18225-01-010 | Improvements Assessment | $3,850,256 CAD |
| Land Assessment | $4,288,790 CAD | Total Assessment | $8,139,046 CAD |
Property Taxes
Parcel Number
01-18225-01-010
Land Assessment
$4,288,790 CAD
Improvements Assessment
$3,850,256 CAD
Total Assessment
$8,139,046 CAD
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