The Shoppes at Albertville Crossings

CONTACT US REGARDING THIS LISTING

Zef Luca

Investment Advisor

Richard G. Ludwig

Senior Director

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PROPERTY ADDRESS

5585 LACENTRE AVE NE, ALBERTVILLE, MN 55301

PROPERTY INFORMATION

Price:
$2,397,056
Cap Rate:
7.35%
Term Remaining:
Varies by Tenant Years
Year Built:
2004
Status:
Available

INVESTMENT HIGHLIGHTS

  • Newer 11,844 Multi-Tenant Retail Center located on 1.22 Acres
  • Tenants Include: Sherwin Williams (Corporate Guaranteed Lease, 42.22% of Total SF) Little Caesars, Albertville Eyecare and Metro Dentalcare
  • 1,496 SF Available for Additional Tenant
  • Long Term Leases with Minimal Landlord Responsibilities
  • 10 Mile Population Exceeds 133,900 Residents
  • 5 Mile Average Household Income Exceeds $104,000
  • 5.73% Projected Population Growth Within 5 Miles by 2023