Listed by Colliers - Minneapolis - St. Paul, Minnesota
$3,250,000
17625 Kenrick Avenue
Details
Property Type Retail
Sub Type Retail Building
Square Footage 20,567
Cap Rate 7.40%
NOI $241,423
Occupancy 100%
Tenancy Single
Brand/Tenant Salvation Army
Lease Type Modified
Lease Term 10
Lease Expiration 08/30/2034
Price per SqFt $158
Year Built 2011
Buildings 1
Stories 1
Acreage 2.350
Zoning C-3 Retail Building
Parking Spaces 96 spaces
Parking per 1,000 SqFt 4.67
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 08/31/2024
Ceiling Height 16.5'
Retail | 7.40% CAP | 20,567 SqFt
Marketing description
20,567 Single-Tenant Building 100% Leased!
Investment highlights
- 100% Occupied
- National credit tenant (Salvation Army)
- Lease Term: 9/1/2024 to 8/31/2034
- Zoning: C-3 Retail Building
- Ceiling Height: 16.5’ to the deck, and 14.3’ to the bar joists
- Dock Doors: 2 with leveler
- Brand new high efficiency LED lights
- Interior is sprinkled and equipped with an alarm system
- Exterior irrigation system
- Parking Spaces: 96
- Signage visible from I-35
- Located in the growing community of Lakeville
Listing Contacts
Listed by Colliers - Minneapolis - St. Paul, Minnesota
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$241,423.00
$20,118.58/mo
Valuation Metrics
0
DSCR
7.43%
Cap Rate
7.43%
ROI
Map
Zoning
C-3 CommercialGeneral CommercialGeneral Commercial District
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View all 68 uses Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics
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