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2500 Cleveland Ave N 40,000 SF 100% Leased Retail Building Roseville, MN 55113 $10,074,020 CAD ($251.85 CAD/SF) 7.11% Cap Rate
Investment Highlights
- Retail frontage to 35W with 115,247 traffic counts per day!
- 6 small-bay warehouse tenants- easy to backfill if vacancies arise
- WALT: 3.57 years
- Strong Anchor Tenant (Goodwill) occupies 50% of the center with 6.25 years of term remaining
- Retail & Industrial tenant mix
- Triple Net Lease Structures- perfect for 1031 exchange and minimal management!
Executive Summary
KW Commercial is pleased to present investors with the opportunity to acquire 2500 Cleveland Avenue N., a 7-unit, 92% occupied industrial/retail building located with prime visibility to 35-W in Roseville, Minnesota. This asset is institutional grade quality with a long-term Goodwill tenant with 6.25 years of term remaining, and six easy-to-lease small bay warehouse bays.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
40,000 SF
Building Class
B
Year Built/Renovated
1966/2006
Price
$10,074,020 CAD
Price Per SF
$251.85 CAD
Cap Rate
7.11%
NOI
$716,263 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
2.93 AC
Zoning
RB-Regional Business - Industrial and Retail permitted
Parking
88 Spaces (2.2 Spaces per 1,000 SF Leased)
Frontage
178’ on Cleveland Ave
Amenities
- Pylon Sign
- Signage
- Car Charging Station
Space Availability
- Space
- Size
- Space Use
- Position
- Available
The property combines showroom, office, and industrial functionality, providing flexibility for a variety of users seeking a well-positioned space with convenient regional connectivity.
| Space | Size | Space Use | Position | Available |
| H | 3,200 SF | Industrial | In-Line | 30 Days |
H
| Size |
| 3,200 SF |
| Space Use |
| Industrial |
| Position |
| In-Line |
| Available |
| 30 Days |
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H
| Size | 3,200 SF |
| Space Use | Industrial |
| Position | In-Line |
| Available | 30 Days |
The property combines showroom, office, and industrial functionality, providing flexibility for a variety of users seeking a well-positioned space with convenient regional connectivity.
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 09-29-23-23-0030 | Improvements Assessment | $6,103,606 CAD |
| Land Assessment | $2,128,884 CAD | Total Assessment | $8,232,489 CAD |
Property Taxes
Parcel Number
09-29-23-23-0030
Land Assessment
$2,128,884 CAD
Improvements Assessment
$6,103,606 CAD
Total Assessment
$8,232,489 CAD
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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2500 Cleveland Ave N
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