5353 E River Rd - Freestanding FOR SALE


Minneapolis, MN 55421
$17,668,000 USD
303-884-6659
5353 E River Rd, Minneapolis, MN for Sale
$17,668,000 USD
Freestanding - FOR SALE
1/10
null | 6.5% Cap Rate

5353 E River Rd
Minneapolis, MN 55421


HIGHLIGHTS

  • Corporate Occupied Home Store & Distribution Facility | Strategic Logistics Hub | Functional Industrial Improvements
  • Large Infill Industrial Site | NNN Lease Structure | #3 Ashley Location in MN by Visits/SF | Largest Ashley Store in MN
  • Immediate Interstate Access | Regional Distribution Connectivity
  • Dense Employment Base | Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased Ashley Furniture Store and Distribution Center located in Fridley, Minnesota, a suburb within the Minneapolis-St. Paul MSA. Ashley Furniture utilizes the property as both a retail showroom and regional distribution facility, serving as an important component of its operations throughout the Twin Cities region. The 242,586-square-foot facility is situated on approximately 11.28 acres and features functional industrial improvements including 23 dock-high doors, 32-foot clear heights, ample truck maneuverability, and multiple points of ingress and egress. The NNN lease structure minimizes landlord involvement while providing investors with stable cash flow characteristics from an established tenant occupant. This property is being offered exclusively as part of a two-property portfolio with the Rochester, MN property and must be purchased together.

FOR SALE DETAILS

PRICE

$17,668,000 USD

PRICE/SF

$73 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ashley Furniture

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

202

LAND DETAILS

LAND ACRES

11.28 AC

LAND SF

491,385 SF

ZONING

M-2

APN/PARCEL ID

22-30-24-43-0009,22-30-24-43-0029

ASK ABOUT THIS PROPERTY

Steven RobertsSRS Real Estate PartnersMore Info
303-884-6659

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Steven RobertsSRS Real Estate PartnersMore Info
303-884-6659

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