Listed by Cushman & Wakefield - Bloomington, Minnesota
$1,600,000
Salem Heights Shopping Center
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 8,400
Cap Rate 8.65%
NOI $138,404
Tenancy Multi
Price per SqFt $190
Investment Type Stabilized
Ownership Fee Simple
Retail | 8.65% CAP | 8,400 SqFt
Marketing description
Cushman & Wakefield is pleased to present this well located multi-tenant shopping center located on the premier corner in the high-demand communities of Inver Grove Heights and West St. Paul. The center is at a signalized intersection off I-494 and the gateway to both Inver Grove Heights and West St. Paul.
Investment highlights
- Well leased, the seller will master lease the remaining vacant suite
- A mix of credit and local tenants
- Exceptional location within the Inver Grove Heights/West St. Paul trade areas
- Many of the tenants have been at the center in excess of 10 years
Listing Contacts
Listed by Cushman & Wakefield - Bloomington, Minnesota
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$138,404.00
$11,533.67/mo
Valuation Metrics
0
DSCR
8.65%
Cap Rate
8.65%
ROI
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