www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29789770
29792019

5805 Krueger Ln, Oak Park Heights, MN 55082

EH
IL 475120259
Cushman & Wakefield - Nashville, Tennessee
ZF
MN 40440233
Cushman & Wakefield - Bloomington, Minnesota
DM
IL 475.122515
Cushman & Wakefield - Chicago, Illinois
Listed by Cushman & Wakefield - Nashville, Tennessee, Cushman & Wakefield - Bloomington, Minnesota, Cushman & Wakefield - Chicago, Illinois
Unpriced
141 days on market
Updated 18 days ago

The Shoppes of Oak Park Heights | Twin Cities MSA

Details
Property Type Retail
Sub Type QSR/Fast Food, Shopping Center (+1)
Square Footage 173,283
Units 12
Occupancy 91%
Tenancy Multi
Brand/Tenant Chipotle, Kohl's (+4)
Year Built 2004
Buildings 3
Stories 1
Acreage 20.920
Parking Spaces 931 spaces
Parking per 1,000 SqFt 5.37

Value Add, Open-Air Center

Marketing description

Cushman & Wakefield Retail Investment Advisors present The Shoppes of Oak Park Heights (the “Property”), a value add retail center strategically located in Oak Park Heights/Stillwater, Minnesota. The avg. household income in the sub-market is $165,884. Constructed in 2004 and shadow anchored by Walmart and Menards, this institutionally owned and managed Property totals 173,283 square feet and is 91% occupied.

The Property is anchored by Kohl’s + Sephora, TJ Maxx, and Michaels, which collectively account for 80% of the GLA and 70% of in-place revenue, providing durable cash flow supported by nationally recognized retailers. Additionally, the Property is adjacent to Stillwater High School (2,700+/- students), Walmart, and Menards, and is about one mile from Health Partners’ newest regional hospital campus (400,000 SF opening in 2028), positioning The Shoppes of Oak Park Heights with prime regional connectivity.

The value-add opportunity is immediately executable through the lease-up of an endcap and in-line vacancy totaling 15,876 square feet. Further upside exists via a viable break-up strategy, supported by separately parceled Kohl’s and two small-shop outlot buildings. The compelling combination of long-term income stability, national tenancy, and multiple value-creation strategies distinguishes The Shoppes of Oak Park Heights as an exceptional opportunity in the Twin Cities.

Investment highlights

  • Executable value-add opportunity: endcap & inline vacancy (91% occupied & 6.3% CAGR)

  • Kohl’s recently renewed with single-digit base rents

  • Viable break-up strategy with separately parceled Kohl’s & outlot buildings

  • Highly visible position from Hwy 36 (38,877 VPD)

  • Walmart and Menards shadow anchors, driving consistent, high-volume “daily needs” traffic to the site

  • High-performing F&B tenants: Noodles and Jimmy John’s rank within the top 5 in MN*

*per Placer.ai

Listing Contacts

EH
IL 475120259
Cushman & Wakefield - Nashville, Tennessee
ZF
MN 40440233
Cushman & Wakefield - Bloomington, Minnesota
DM
IL 475.122515
Cushman & Wakefield - Chicago, Illinois
Listed by Cushman & Wakefield - Nashville, Tennessee, Cushman & Wakefield - Bloomington, Minnesota, Cushman & Wakefield - Chicago, Illinois

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Zoning

Intelligence Badge
B-2 CommercialGeneral CommercialGeneral Business
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 45 uses
View all 45 uses
Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591