Listed by Hempel Real Estate
$2,500,000
Argenta Hills Shopping Center Land - 1.47 Acres
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 7,160
Net Rentable (SqFt) 7,160
Cap Rate 7.00%
NOI $178,640
Occupancy 100%
Tenancy Multi
Brand/Tenant iWA Sushi Grill & Bar, OptimumHealth
Pro-Forma NOI $178,640
Price per SqFt $292
Year Built 2012
Acreage 0.870
Parking Spaces 9.14 per 1,000 sq ft
Investment Type Stabilized
Retail | 7.00% CAP | 7,160 SqFt
Marketing description
Argenta Hills represents a compelling opportunity to acquire a Target shadow anchored retail center in one of the Twin Cities' strongest growth corridors.
With affluent demographics, excellent visibility, and an adjacent 28-acre mixed-use development, the property is positioned for long-term value creation.
Investment highlights
- 100% Leased Multi-Tenant Strip Retail with Proven Cash Flow
- Shadow-Anchored by Target with Built-In Traffic
- Affluent, High-Growth Trade Area in the Southern Twin Cities
- Strategic Location Near Major Corporate Employers
- Recession-Resilient Tenant Mix Serving Daily Needs
Listing Contacts
Listed by Hempel Real Estate
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$178,640.00
$14,886.67/mo
Valuation Metrics
0
DSCR
7.15%
Cap Rate
7.15%
ROI
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