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17625 Kenrick Ave 20,567 SF Retail Building Lakeville, MN 55044 $4,572,750 CAD ($222.33 CAD/SF)
Executive Summary
20,567 SINGLE TENANT BUILDING - 100% LEASED!
Offering Summary
• Address: 17625 Kenrick Avenue | Lakeville, MN 55044
• Year Built: 2011
• Land Area (Acres): 2.35 acres (102,366 sf)
• Building SF: 20,567
Financial Summary
• Offering Price: $3,250,000
• Price PSF: $158.02
• NOI (In-Place): $236,873
• Cap Rate (In-Place): 7.3%
• Lease Type: Modified Gross (utilities separate)
Investment Highlights
• 100% Occupied
• National credit tenant (Salvation Army)
• Lease Term: 9/1/2024 to 8/31/2034
• Zoning: C-3 Retail Building
• Ceiling Height: 16.5’ to the deck, and 14.3’ to the bar joists
• Dock Doors: 2 with leveler
• Brand new high efficiency LED lights
• Interior is sprinkled and equipped with an alarm system
• Exterior irrigation system
• Parking Spaces: 96
• Signage visible from I-35
• Located in the growing community of Lakeville
Offering Summary
• Address: 17625 Kenrick Avenue | Lakeville, MN 55044
• Year Built: 2011
• Land Area (Acres): 2.35 acres (102,366 sf)
• Building SF: 20,567
Financial Summary
• Offering Price: $3,250,000
• Price PSF: $158.02
• NOI (In-Place): $236,873
• Cap Rate (In-Place): 7.3%
• Lease Type: Modified Gross (utilities separate)
Investment Highlights
• 100% Occupied
• National credit tenant (Salvation Army)
• Lease Term: 9/1/2024 to 8/31/2034
• Zoning: C-3 Retail Building
• Ceiling Height: 16.5’ to the deck, and 14.3’ to the bar joists
• Dock Doors: 2 with leveler
• Brand new high efficiency LED lights
• Interior is sprinkled and equipped with an alarm system
• Exterior irrigation system
• Parking Spaces: 96
• Signage visible from I-35
• Located in the growing community of Lakeville
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
20,567 SF
Building Class
C
Year Built
2011
Price
$4,572,750 CAD
Price Per SF
$222.33 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.18
Lot Size
2.58 AC
Zoning
C-3 - General Commercial District
Parking
96 Spaces (4.67 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 22-11875-01-063 | Improvements Assessment | $2,910,020 CAD |
| Land Assessment | $1,047,624 CAD | Total Assessment | $3,957,644 CAD |
Property Taxes
Parcel Number
22-11875-01-063
Land Assessment
$1,047,624 CAD
Improvements Assessment
$2,910,020 CAD
Total Assessment
$3,957,644 CAD
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17625 Kenrick Ave
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