1700-1800 E 66th St E - Freestanding FOR SALE


Richfield, MN 55423- Northeast Richfield
$4,930,000 USD
952-563-6605
1700-1800 E 66th St E, Richfield, MN for Sale
$4,930,000 USD
Freestanding - FOR SALE
1/6
null | 6.25% Cap Rate

1700-1800 E 66th St E
Richfield, MN 55423
Northeast Richfield


HIGHLIGHTS

  • SHADOW ANCHORED BY A TOP-PERFORMING TARGET
  • ADJACENT TO MINNEAPOLIS-ST. PAUL INTERNATIONAL AIRPORT
  • LESS THAN FIVE MINUTES FROM MALL OF AMERICA
  • DENSE INFILL LOCATION WITH HIGH BARRIERS TO ENTRY
  • INTERNET-RESISTANT, DAILY-NEEDS TENANT MIX
  • RECENT LEASING MOMENTUM

OVERVIEW

SHADOW ANCHORED BY A TOP-PERFORMING TARGET Ranked #8 of 70 Minnesota locations and within the top 2.5% nationally, generating exceptional customer traffic and reinforcing the strength of the retail corridor. ADJACENT TO MINNEAPOLIS-ST. PAUL INTERNATIONAL AIRPORT Located next to one of the nation’s busiest airports, serving 37+ million annual passengers and supporting significant daytime demand. LESS THAN FIVE MINUTES FROM MALL OF AMERICA Benefits from proximity to one of the country’s premier retail and entertainment destinations, attracting 30+ million visitors annually. DENSE INFILL LOCATION WITH HIGH BARRIERS TO ENTRY Established first-ring suburban trade area with limited land available for future retail development. INTERNET-RESISTANT, DAILY-NEEDS TENANT MIX Diversified lineup of service, restaurant, healthcare, and telecommunications tenants that generate recurring customer visits. RECENT LEASING MOMENTUM Over the past year, Noodles and River Parkway Chiropractic extended their leases and Xfinity signed a new lease. AFFLUENT CONSUMER BASE Average household income exceeds $144,000, with more than 20% of household earning over $200,000 annually within three miles. PROVEN SOUTH METRO RETAIL CORRIDOR Serves dense South Minneapolis and first-ring suburban neighborhoods with established retail demand and strong long-term consumer spending.

FOR SALE DETAILS

PRICE

$4,930,000 USD

PRICE/SF

$490 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

PC-2

APN/PARCEL ID

26-028-24-14-0130

ASK ABOUT THIS PROPERTY

Amy SennMid-America Real Estate Corp.More Info
952-563-6605

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Amy SennMid-America Real Estate Corp.More Info
952-563-6605

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