Categories
Retail
About this property
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
Property details
- Property Type
- Improved property
- Building Type
- Freestanding
- Building Size
- 20,567 sqft
- Land Size
- 2.35 acres
- Zoning
- C-3
- Year Built
- 2011
Documents 1 file
Last updated: Sep 30, 2026
Location
- Address
-
17625 Kenrick Avenue
Lakeville, Minnesota 55044