- For Sale $3,400,000
- Property Type Retail
- Lot Size 2.35 SF
- Year Built 2011
- Date Updated May 21, 2026
Description
20,567 FREESTANDING BUILDING FOR SALE - 100% LEASED, NEW 10 YEAR LEASE IN PLACE!
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: $3,400,000
- Price PSF: $165.31
- NOI (In-Place): $237,740.50
- Cap Rate (In-Place): 7%
- Lease Type: Modified Gross (utilities separate)
INVESTMENTS 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 and located off County Road 50
- Located in the growing community of Lakeville
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Contacts
Lisa Christianson
Colliers
Laura Gill
Colliers
Location
Contact 17625 Kenrick Avenue
