Property Listing No Longer Available for Sale

3747 Lexington Avenue, Arden Hills, MN

Retail for Sale - $2,560,000


Property Info

CIMLS#966383
Location
  3747 Lexington Avenue
  Arden Hills MN 55126
UpdatedOctober 8th, 2017
TypeRetail
Price$2,560,000

Property Description

3-Tenant Low-Maintenance +/-10,000 SF Strip Center Offered at an attractive 6.50% Cap rate for $2,746,585 Wealthy Demographic - Average Incomes in the one mi. radius over $100,000 New ten year NNN Lease Recently Executed with National Tire and Battery New ten year NNN Lease Extension recently executed with Midwest Detailing New 3 yr NNN Extension Recently Executed by Enterprise Rent a Car All of the tenants reimburse for Taxes, Insurance and CAM inclusive of a $6,000 management fee. Located +/- two mi. South of the proposed "Rice Creek Commons" development site which sits on 427 Acres and is slated to begin construction in late 2017 Rice Creek Commons plans to be a mix of 50% residential and 50% commercial which is projected to increase traffic on Lexington Ave. Immediate Trade Area: Directly Across the street from Target, one-block north of Cub Foods anchored center and down the street from a new Trader Joe's.<br />

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View Full Listing: <a href="https://realestate.oodle.com/j_a2xx_/4668184004-22666u1097,16-0F2BE7D5FDE3/realestate.oodle.com___ODLSLqj6tb_flsHurmOKo33nZs_4220oKu7-uANOiIIAyax4eJ0rsNjttSpgq5Oqpaz1FmAQZcM6GDsLYQpNPZiiA2W-2GkeHO4txGszDbptrOFyx15uG7YLcOG4A-h3bFSU1GoMa-48AVuMfz2_cqtgVoBlGPwu2wEuKoE169mHDnd3Bsw,," rel="nofollow">here</a>


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