6801 France Ave S, Edina, MN

Retail for Sale - $28,575,000 - 58,000 Sq. Ft. on 2.09 acres


Agent Info

Michael Houge
NAI Legacy

Property Info

CIMLS#1078743
Location
  6801 France Ave S
  Edina MN 55435
UpdatedAugust 13th, 2020
TypeRetail
Price$28,575,000
Building58,000 Sq. Ft.
Land2.09 acres

Attached Documents


Contact


Property Description

The RH | Minneapolis property is located in the CIty of Edina, MN. Edina is an affluent first-ring suburb just south of Minneapolis and boasts some of the Twin Cities' highest concentration of household wealth and annual household incomes. The freestanding luxury retail RH Property is situated at the "main & main" corner and entrance to Southdale Center, a super-regional mall, and is immediately across the street from The Galleria of Edina, a shopping center that features a collection of the worlds finest luxury brands, restaurants, and a Westin Hotel & Residence. France Avenue is the main North / South thoroughfare that connects the heart of Edina's shopping and commerce districts with its residents and area freeway system. Edina is considered one of the most desirable suburbs in the Minneapolis-St. Paul metro area.


Financials

A 1031 | DST Investment Opportunity Suitable for Multiple 1031 Exchange Investors

Opportunity to Capture Significant Bonus Depreciation

Loan to Value Ratio: 58%

Anticipated First Year Cash on Cash: 6.00%

Anticipated Investment Holding Period: 10+ years.

$50,000 Minimum Equity Investment

Flagship Store

Marquee Location

Absolute NNN (No Landlord Responsibilities)

Creditworthy Tenant

NYSE: RH Market Cap +/-$6 Billion (08.07.2020)

Lease Term: 20 Years

Link to Offering:

(Copy and Paste into Your Browser) https://legacyofferings.com/