City Center Marketplace
Retail | 6.00% CAP | 7,542 SqFt
Marketing description
City Center Marketplace (the “Property”) is a recently developed unanchored retail center located in one of the top Twin Cities trade areas, Woodbury, Minnesota. Positioned at the highly trafficked, fully signalized intersection of Valley Creek Rd, and Radio Dr. two of the primary retail arteries in the Woodbury trade area.
Investment highlights
STARBUCKS GROUND LEASE | LONG-TERM CORPORATE TENANCY
The property benefits from a corporate Starbucks ground lease with a primary term through 2043, providing investors with a long-term income stream from one of the most recognized and credit worthy coffee brands in the world.
NEW CONSTRUCTION | LOW FUTURE CAPEX
Built in 2022/2023 Woodbury City Center Marketplace benefits from new construction, allowing an investor to acquire a modern retail asset with little to no near-term capital expenditures.
WEIGHTED AVERAGE LEASE TERM
The Property benefits from a weighted average lease term (WALT) of over 10 years, providing a stable long-term investment with minimal tenant rollover for more than a decade.
TOP TWIN CITIES TRADE AREA | STRONG DEMOGRAPHICS
Woodbury is one of the top regional trade areas in the Twin Cities. The property benefits from approximately 150,000 residents, an average household income exceeding $142,000, and median home value of approximately $450,000 within a 5 mile radius.
HIGH TRAFFIC COUNTS | DOMINANT INTERSECTION
The offering is ideally positioned on the northeast quadrant of Radio Drive, and Valley Creek Road, one of the most prominent retail corridors in Woodbury. The fully signalized intersection experiences traffic counts exceeding over 54,000 vehicles per day, providing strong visibility and accessibility. Radio Drive serves as a primary north-south arterial through the market, while Valley Creek Road functions as a major east-west retail corridor, making the intersection a dominant retail node within the trade area.
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