2412-2588 Bridge Ave - Freestanding FOR SALE
Albert Lea, MN 56007 |
2412-2588 Bridge Ave
Albert Lea, MN 56007
HIGHLIGHTS
- Northbridge Mall - Value-Add Shopping Mall - Fee Simple Ownership (Land & Building)
- 114,901 SF Retail Property with Upside - ~70% Occupied - Longer-term, Staggered Leases
- Strong, Stable Cash Flow - Offered at Well-Below Replacement Cost - Over 13 Acres – Priced at $5.11 PSF on the Land
- Owner is Completing a Major Parking Lot Improvement - Drive Aisles Recently Milled & Repaved
- Mall Cinema 7 Recently Spent Significant Capital on a Remodel - Pizza Ranch Just Completed an Extensive Remodel
- The Attached Former Shopko was Just Completely Leased to Harbor Freight Tools, Big Lots, and Dollar Tree
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Northbridge Mall
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
114901
STORIES
1
YEAR BUILT
1986
SPRINKLERS
-
PARKING SPACES
1839
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
34.284.0040,34.437.0010,34.437.0020
