15730 Emperor Ave - Freestanding FOR SALE


Apple Valley, MN 55124
$4,240,000 USD
317-218-5329
15730 Emperor Ave, Apple Valley, MN for Sale
$4,240,000 USD
Freestanding - FOR SALE
1/11
null | 6.75% Cap Rate

15730 Emperor Ave
Apple Valley, MN 55124


HIGHLIGHTS

  • 8,508 Square Foot Three-Tenant Retail Strip
  • 100% Occupied | Anchored by Caribou Coffee, Discover Strength & CLOVR Life Spa
  • Zero Lease Rollover until 2029 | All Triple Net Leases
  • Dense Demographics | 5-Mile Population: 162,050 | Daytime Population: Exceeds 110,000 People
  • Nearby Traffic Drivers Include Target, CVS, Chipotle, Texas Roadhouse, Hy-Vee, Taco Bell, Freddy’s Among Many Others
  • Caribou Coffee is a Franchised Coffee Shop that Offers HighQuality, Handcrafted Beverages and Food (298 Locations in Minnesota)

OVERVIEW

Marcus & Millichap is pleased to present the Cobblestreet Marketplace in Apple Valley, Minnesota. This 8,508 square foot strip center was built in 2019 and sits on a 0.71 acre parcel positioned around several national retailers. Nearby traffic drivers include Target, CVS, Chipotle, Texas Roadhouse, Hy-Vee, Taco Bell, Freddy’s among many others. With a mix of single-family homes and multi-family units, there is a steady demand for rental properties, making it a good option for investors. Cedar Avenue runs through the heart of Apple Valley, linking with Interstates 35E and 494 for easy and accessible commuting. Cobblestone Marketplace is a three-tenant retail strip, offering full stability at 100% occupancy. Caribou Coffee is a franchised coffee shop offering high-quality, handcrafted beverages and food since 1992. There are close to 300 locations in Minnesota alone with multiple other locations across 11 countries. Discover Strength is a national strength training franchise that offers personalized workouts, body composition testing, and low back therapy. There are over 40 locations in 10 different states. CLOVR Life Spa has 3 locations and is a franchised wellness and relaxation center also offering classes and workshops to the public.

FOR SALE DETAILS

PRICE

$4,240,000 USD

PRICE/SF

$498 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cobblestreet Marketplace

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

PD

APN/PARCEL ID

01-18068-01-010

ASK ABOUT THIS PROPERTY

Nathan WhalenMarcus & MillichapMore Info
317-218-5329

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Nathan WhalenMarcus & MillichapMore Info
317-218-5329

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.