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Shopping Strip

SPENGA Fitness & I Heart Mac & Cheese Strip | NNN Leases | Minneapolis MSA | Pad Site to Target

421 Commerce Dr, Woodbury (Minneapolis MSA), MN 55125

Listing Price: $3,023,333

Cap Rate
6.14%
Gross SF
5,920
Rentable SF
5,920
Price/Gross SF
$510.70
Lot Size
0.90 acres
Year Built
2022

Investment Overview

Woodbury is a city in Washington County, Minnesota, located eight miles east of Saint Paul along Interstate 94. Woodbury is part of the Minneapolis–Saint Paul metropolitan area. A large portion of the economy is retail. The two largest retail centers are Tamarack Village, near the intersection of Radio Drive and Interstate 94, and Woodbury Village, near the intersection of Valley Creek Road and Interstate 494. Woodbury Lakes, an upscale retail development with an open-air mall layout, was completed in 2005. Minneapolis–Saint Paul is a metropolitan area centered around the confluence of the Mississippi, Minnesota and St. Croix rivers in the U.S. state of Minnesota. It is commonly known as the Twin Cities after the metro’s two largest cities, Minneapolis and Saint Paul. Minnesotans often refer to the two together (or the seven-county metro area collectively) simply as "the cities". It is Minnesota’s economic, cultural, and political center. It is the 16th largest metropolitan statistical area and the third largest metropolitan area in the Midwest with a population of 3,690,261 according to the 2020 census. The larger 21-county Minneapolis–St. Paul MN–WI Combined Statistical Area, which is also ranks as the 16th largest, has a population of 4,078,788 according to the 2020 census.

Investment Highlights

  • 100% Occupied Synergistic Mix of Regional Tenants on NNN Leases w/ 10% Rental Increases Every 5 Years throughout the Initial Term and 10% at Each Option. Brand New 2022 High Quality Construction.
  • Positioned Along Area's Major Retail & Traffic Corridor: It's strategic location provides excellent access to the center along Commerce Drive and is only seconds from the heavily traveled Woodbury Dr.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $138k within a 1-Mile Radius and over 116k People Residing within a 5-Mile Radius.
  • The Subject Property is Surrounded by Retail, Restaurants & Shopping Centers. Directly Across from Sam's Club and Outparcel to Super Target at the Heart of a Dynamic Retail Trade Area.
  • Within a Strong Trade Area with Extremely High Annual Incomes and a Significant Population Count. The Trade Area has attracted Numerous National Retail Chains over the Years.
  • The Site is approximately 5 Minutes from 3M Global Headquarters, the Largest Employer in the State with more than 10k Employees Currently Employed.
  • Minutes from Tamarack Village - a 800k+ Sq Ft. Village Concept Premier Shopping Center featuring Landscaped Areas, Restaurants and more than 60 Stores.
  • Woodbury is one of the Fastest Growing and Attractive Communities in the State Capital, expected to Continue Attracting new Residents for Years to come.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Financing By

Shopping Strip

SPENGA Fitness & I Heart Mac & Cheese Strip | NNN Leases | Minneapolis MSA | Pad Site to Target

Listing Price: $3,023,333

Cap Rate
6.14%
Gross SF
5,920
Rentable SF
5,920
Price/Gross SF
$510.70
Lot Size
0.90 acres
Year Built
2022

Investment Highlights

  • 100% Occupied Synergistic Mix of Regional Tenants on NNN Leases w/ 10% Rental Increases Every 5 Years throughout the Initial Term and 10% at Each Option. Brand New 2022 High Quality Construction.
  • Positioned Along Area's Major Retail & Traffic Corridor: It's strategic location provides excellent access to the center along Commerce Drive and is only seconds from the heavily traveled Woodbury Dr.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $138k within a 1-Mile Radius and over 116k People Residing within a 5-Mile Radius.
  • The Subject Property is Surrounded by Retail, Restaurants & Shopping Centers. Directly Across from Sam's Club and Outparcel to Super Target at the Heart of a Dynamic Retail Trade Area.
  • Within a Strong Trade Area with Extremely High Annual Incomes and a Significant Population Count. The Trade Area has attracted Numerous National Retail Chains over the Years.
  • The Site is approximately 5 Minutes from 3M Global Headquarters, the Largest Employer in the State with more than 10k Employees Currently Employed.
  • Minutes from Tamarack Village - a 800k+ Sq Ft. Village Concept Premier Shopping Center featuring Landscaped Areas, Restaurants and more than 60 Stores.
  • Woodbury is one of the Fastest Growing and Attractive Communities in the State Capital, expected to Continue Attracting new Residents for Years to come.

Investment Overview

Woodbury is a city in Washington County, Minnesota, located eight miles east of Saint Paul along Interstate 94. Woodbury is part of the Minneapolis–Saint Paul metropolitan area. A large portion of the economy is retail. The two largest retail centers are Tamarack Village, near the intersection of Radio Drive and Interstate 94, and Woodbury Village, near the intersection of Valley Creek Road and Interstate 494. Woodbury Lakes, an upscale retail development with an open-air mall layout, was completed in 2005. Minneapolis–Saint Paul is a metropolitan area centered around the confluence of the Mississippi, Minnesota and St. Croix rivers in the U.S. state of Minnesota. It is commonly known as the Twin Cities after the metro’s two largest cities, Minneapolis and Saint Paul. Minnesotans often refer to the two together (or the seven-county metro area collectively) simply as "the cities". It is Minnesota’s economic, cultural, and political center. It is the 16th largest metropolitan statistical area and the third largest metropolitan area in the Midwest with a population of 3,690,261 according to the 2020 census. The larger 21-county Minneapolis–St. Paul MN–WI Combined Statistical Area, which is also ranks as the 16th largest, has a population of 4,078,788 according to the 2020 census.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

Financing By

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