3124-3156 Century Ave N - Retail FOR SALE


Mahtomedi, MN 55110- Washington Far Eastern Suburbs
$3,577,000 USD
248-688-0630
3124-3156 Century Ave N, Mahtomedi, MN for Sale
$3,577,000 USD
Retail - FOR SALE
1/9
null | 9% Cap Rate

3124-3156 Century Ave N
Mahtomedi, MN 55110
Washington Far Eastern Suburbs


HIGHLIGHTS

  • 100% Occupied | Rental Increases | Recent Improvements
  • NNN Leases | Reduced Landlord Responsibilities
  • High Visibility on Century Ave | Adjacent to Century College | Links to Surrounding Retail
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a 19,817 SF, 100% leased strip center located in Mahtomedi, Minnesota. The tenant mix includes retail, restaurant, and service users, all with fixed rental rate increases throughout their terms—steadily growing NOI and providing a hedge against inflation. Several tenants, including Mahtomedi Liquor, Real Estate Holdings, and QC Pizza, have extension options. All tenants operate under NNN leases, reimbursing their pro rata share of operating expenses and minimizing landlord expense leakage.

FOR SALE DETAILS

PRICE

$3,577,000 USD

PRICE/SF

$175 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Minnesota Center | 100% Occupied

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

131

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

Retail

APN/PARCEL ID

31-030-21-33-0177,31-030-21-33-0180

ASK ABOUT THIS PROPERTY

Michael CarterSRS Real Estate PartnersMore Info
248-688-0630

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Michael CarterSRS Real Estate PartnersMore Info
248-688-0630

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