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Shopping Strip

Oakcrest Village

1015 - 1033 Hemlo Ave. N., Oakdale, MN 55128

Listing Price: $3,510,000

Cap Rate
7.15%
Gross SF
15,064
Rentable SF
15,064
Price/Gross SF
$233.01
Lot Size
1.80 acres
Year Built
2005

Investment Overview

Pride of ownership shopping center with diversified tenant mix and strong financials. Newer construction (2005) and long term tenants in a very desirable and upscale market. Parking lot, drives, building and landscaping in immaculate condition. Adjacent to shopping center are two outlots including US Bank (2005) and IHOP (2005).

Highly visible and located in northeast quadrant of Interstate 694 and 10th Street N in Oakdale, MN. Oakdale is a city in Washington County, Minnesota, United States. It is a suburb of Saint Paul and is on the eastern side of the Twin Cities Metropolitan area. The population was 27,378 at the 2010 census.[6] Oakdale is the 32nd largest city in Minnesota by population.

In 2017, Oakdale, MN had a population of 28k people with a median age of 38.7 and a median household income of $69,525. Between 2016 and 2017 the population of Oakdale, MN grew from 27,956 to 27,972, a 0.0572% increase and its median household income grew from $67,991 to $69,525, a 2.26% increase.

Investment Highlights

  • Newer Construction w/two major tenants there since Center opened 2005
  • Long Term Tenants (6 of 9 Tenants have been there for at lest 6 years)
  • 100% Leased with 5 of 9 tenants having rent increases in 2021
  • All tenants are current on rent and CAM payments (8 are NNN)
  • All maintenance on HVAC, roof and parking lot preformed annually
  • All CAM expenses (maintenance & repairs) are passed on to the tenants

Exclusively Listed By

Listing Price: $3,510,000

Cap Rate
7.15%
Gross SF
15,064
Rentable SF
15,064
Price/Gross SF
$233.01
Lot Size
1.80 acres
Year Built
2005

Investment Highlights

  • Newer Construction w/two major tenants there since Center opened 2005
  • Long Term Tenants (6 of 9 Tenants have been there for at lest 6 years)
  • 100% Leased with 5 of 9 tenants having rent increases in 2021
  • All tenants are current on rent and CAM payments (8 are NNN)
  • All maintenance on HVAC, roof and parking lot preformed annually
  • All CAM expenses (maintenance & repairs) are passed on to the tenants

Investment Overview

Pride of ownership shopping center with diversified tenant mix and strong financials. Newer construction (2005) and long term tenants in a very desirable and upscale market. Parking lot, drives, building and landscaping in immaculate condition. Adjacent to shopping center are two outlots including US Bank (2005) and IHOP (2005).

Highly visible and located in northeast quadrant of Interstate 694 and 10th Street N in Oakdale, MN. Oakdale is a city in Washington County, Minnesota, United States. It is a suburb of Saint Paul and is on the eastern side of the Twin Cities Metropolitan area. The population was 27,378 at the 2010 census.[6] Oakdale is the 32nd largest city in Minnesota by population.

In 2017, Oakdale, MN had a population of 28k people with a median age of 38.7 and a median household income of $69,525. Between 2016 and 2017 the population of Oakdale, MN grew from 27,956 to 27,972, a 0.0572% increase and its median household income grew from $67,991 to $69,525, a 2.26% increase.

Exclusively Listed By

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