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5440-5480 S Robert Trl
Inver Grove Heights, MN 55077
Salem Heights · Commerce de détail Propriété À vendre
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Faits saillants de l'investissement
- Well-located shopping center at a signalized hard corner with excellent visibility and access to I-494.
- Strong occupancy history with many tenants in place for more than 10 years.
- Offered at an attractive price point with an 8.65% capitalization rate and a 10% projected cash-on-cash return.
- Anchored by a mix of credit and local tenants, including established national brands.
- Seller will master lease the remaining vacancy, providing stable cash flow and reduced leasing risk.
Résumé de l'annonce
Salem Heights Shopping Center presents a strong investment opportunity within the high-demand Inver Grove Heights and West St. Paul trade areas. This multi-tenant retail center occupies a prominent corner location at a signalized intersection with excellent visibility and accessibility from I-494, providing gateway access to both communities.
The property totals 8,400 square feet and is well leased, offering a balanced tenant mix of national and local businesses, including recognized brands such as Enterprise and Avis. Many of the tenants have maintained occupancy for over a decade, demonstrating stability and long-term tenancy. The seller will master lease the remaining vacancy, ensuring consistent income and minimizing leasing risk for an incoming owner.
Financial performance is compelling, with a capitalization rate of 8.65% and projected cash-on-cash return of 10%. Offered at $1,600,000—or $190 per square foot—the center delivers durable cash flow supported by strong market fundamentals and limited future leasing obligations due to the master lease arrangement.
Located in a thriving submarket with high traffic counts and dense demographics, Salem Heights Shopping Center is positioned to benefit from sustained retail demand and continued economic growth in the Twin Cities metro area.
The property totals 8,400 square feet and is well leased, offering a balanced tenant mix of national and local businesses, including recognized brands such as Enterprise and Avis. Many of the tenants have maintained occupancy for over a decade, demonstrating stability and long-term tenancy. The seller will master lease the remaining vacancy, ensuring consistent income and minimizing leasing risk for an incoming owner.
Financial performance is compelling, with a capitalization rate of 8.65% and projected cash-on-cash return of 10%. Offered at $1,600,000—or $190 per square foot—the center delivers durable cash flow supported by strong market fundamentals and limited future leasing obligations due to the master lease arrangement.
Located in a thriving submarket with high traffic counts and dense demographics, Salem Heights Shopping Center is positioned to benefit from sustained retail demand and continued economic growth in the Twin Cities metro area.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Bien à usage mixte
Taille du bâtiment
8 400 pi²
Classe d’immeuble
B
Année de construction
1983
Prix
2 199 936 $ CAD
Prix par pi²
261,90 $ CAD
Taux de capitalisation
8,65%
Revenu net d’exploitation
190 300 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,13
Taille du lot
1,53 AC
Zonage
B-2 - Commerciale
Stationnement
97 places (9,76 places par 1 000 pi² loué)
Façade
Commodités
- Voie de virage obligatoire
- Enseigne sur pylône
- Affichage
- Intersection avec signalisation
Impôts fonciers
| Numéro de lot | 20-65900-01-060 | Évaluation des bâtiments | 732 579 $ CAD |
| Évaluation du terrain | 757 878 $ CAD | Évaluation totale | 1 490 457 $ CAD |
Impôts fonciers
Numéro de lot
20-65900-01-060
Évaluation du terrain
757 878 $ CAD
Évaluation des bâtiments
732 579 $ CAD
Évaluation totale
1 490 457 $ CAD
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