17625 Kenrick Avenue

17625 Kenrick Ave, Lakeville, MN 55044

Property Information

  • For Sale $3,250,000
  • Property Type Retail
  • Lot Size 2.35 SF
  • Year Built 2011
  • Date Updated Jul 9, 2026

Description

20,567 SINGLE TENANT BUILDING - 100% LEASED!

Offering Summary

  • Address: 17625 Kenrick Avenue | Lakeville, MN 55044
  • Year Built: 2011
  • Land Area (Acres): 2.35 acres (102,366 sf)
  • Building SF: 20,567

Financial Summary

  • Offering Price: $3,250,000
  • Price PSF: $158.02
  • NOI (In-Place): $241,423
  • Cap Rate (In-Place): 7.4%
  • Lease Type: Modified Gross (utilities separate)

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

Contacts

Location

  • 55/100 Somewhat Walkable
  • 46/100 Somewhat Bikeable
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