2112 Maple Grove Rd - Storefront FOR SALE


Duluth, MN 55811- Duluth Heights
$7,496,000 USD
407-808-1657
2112 Maple Grove Rd, Duluth, MN for Sale
$7,496,000 USD
Storefront - FOR SALE
1/8
null | 6.25% Cap Rate

2112 Maple Grove Rd
Duluth, MN 55811
Duluth Heights


HIGHLIGHTS

  • Highly successful retail center with long term tenancy
  • National retail brands featuring Panera Bread, Verizon, Vitamin Shoppe and Sleep Number
  • BELOW MARKET RENT WITH STRONG POTENTIAL TO INCREASE NOI
  • Minimal landlord management obligations
  • Directly “in the heart” of Duluth’s primary retail market surrounded by many national retailers
  • Adjacent to Simon’s Miller Hill Mall – the dominant shopping destination for the region

OVERVIEW

CBRE is pleased to present this “Best in Class” retail development located in Duluth, MN with 4 national retail brands, all of whom have been here since the property was developed in 2014. Panera, Verizon, Vitamin Shoppe and Sleep Number. Both Verizon and Vitamin Shoppe are significantly below market rent. Positioned at the high traffic signalized intersection of Miller Trunk Highway and Maple Grove Road along the city’s busiest commercial corridor, this high visibility site sits steps from Simon’s 831,000 SF Miller Hill Mall—the dominant shopping destination for the entire Northland region. The property is ideally suited for a first class retail development such as this, with strong traffic, excellent visibility and access, and proven national credit co tenancy.

FOR SALE DETAILS

PRICE

$7,496,000 USD

PRICE/SF

$535 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hansen Retail Development

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

66

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

84,071 SF

ZONING

-

APN/PARCEL ID

010394800030

ASK ABOUT THIS PROPERTY

Ray RomanoCBRE, Inc.More Info
407-808-1657

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Ray RomanoCBRE, Inc.More Info
407-808-1657

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