601 Apollo - Freestanding FOR SALE
Lino Lakes, MN 55014 |
601 Apollo
Lino Lakes, MN 55014
HIGHLIGHTS
- The leases are directly with credit tenants, Starbucks Corporation and Heartland Dental, LCC, and both tenants are on net leases with 10 years of term
- The property has a value-add component with potential for an on-site ATM, which could add thousands of dollars of annual income to the center
- The property is situated directly adjacent to a Target and a Kohl's and the greater center is highly visible from I-35W, which carries nearly 39k VPD
- The site is located on the signalized corner of Lake Dr (19k+ VPD) and Apollo Dr (8k+ VPD)
- Within a three-mile radius, the average household income is over $142,000
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Starbucks/Heartland Dental
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Fast Food, Restaurant, Medical
TOTAL BUILDING SIZE
6440
STORIES
1
YEAR BUILT
2023
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
08-31-22-43-0037
