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Shopping Strip

Cobblestreet Marketplace

15730 Emperor Ave, Apple Valley, MN 55124

Listing Price: $4,240,000

Cap Rate
6.75%
Gross SF
8,508
Rentable SF
8,508
Price/Gross SF
$498.35
Lot Size
0.71 acres
Year Built
2019

Investment Overview

Marcus & Millichap is pleased to present the Cobblestreet Marketplace in Apple Valley, Minnesota.
This 8,508 square foot strip center was built in 2019 and sits on a 0.71 acre parcel positioned around several national retailers. Nearby traffic drivers include Target, CVS, Chipotle, Texas Roadhouse, Hy-Vee, Taco Bell, Freddy’s among many others. With a mix of single-family homes and multi-family units, there is a steady demand for rental properties, making it a good option for investors. Cedar Avenue runs through the heart of Apple Valley, linking with Interstates 35E and 494 for easy and accessible commuting. Cobblestone Marketplace is a three-tenant retail strip, offering full stability at 100% occupancy. Caribou Coffee is a franchised coffee shop offering high-quality, handcrafted beverages and food since 1992. There are close to 300 locations in Minnesota alone with multiple other locations across 11 countries. Discover Strength is a national strength training franchise that offers personalized workouts, body composition testing, and low back therapy. There are over 40 locations in 10 different states. CLOVR Life Spa has three locations and is a franchised wellness and relaxation center also offering classes and workshops to the public.

Investment Highlights

  • 8,508 Square Foot Three-Tenant Retail Strip
  • 100% Occupied | Anchored by Caribou Coffee, Discover Strength & CLOVR Life Spa
  • Zero Lease Rollover until 2029 | All Triple Net Leases
  • Dense Demographics | Five-Mile Population: 162,050 | Daytime Population: Exceeds 110,000 People
  • Nearby Traffic Drivers Include Target, CVS, Chipotle, Texas Roadhouse, Hy-Vee, Taco Bell, Freddy's Among Many Others
  • Caribou Coffee is a Franchised Coffee Shop that Offers HighQuality, Handcrafted Beverages and Food (298 Locations in Minnesota)
  • Influx of New Apartment and Mixed-Use Development in the Area Contribute to Increased Retail
  • Apple Valley, MN is Approximately 22.7 Miles from Minneapolis (Population of 430,000+)

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Shopping Strip

Cobblestreet Marketplace

Listing Price: $4,240,000

Cap Rate
6.75%
Gross SF
8,508
Rentable SF
8,508
Price/Gross SF
$498.35
Lot Size
0.71 acres
Year Built
2019

Investment Highlights

  • 8,508 Square Foot Three-Tenant Retail Strip
  • 100% Occupied | Anchored by Caribou Coffee, Discover Strength & CLOVR Life Spa
  • Zero Lease Rollover until 2029 | All Triple Net Leases
  • Dense Demographics | Five-Mile Population: 162,050 | Daytime Population: Exceeds 110,000 People
  • Nearby Traffic Drivers Include Target, CVS, Chipotle, Texas Roadhouse, Hy-Vee, Taco Bell, Freddy's Among Many Others
  • Caribou Coffee is a Franchised Coffee Shop that Offers HighQuality, Handcrafted Beverages and Food (298 Locations in Minnesota)
  • Influx of New Apartment and Mixed-Use Development in the Area Contribute to Increased Retail
  • Apple Valley, MN is Approximately 22.7 Miles from Minneapolis (Population of 430,000+)

Investment Overview

Marcus & Millichap is pleased to present the Cobblestreet Marketplace in Apple Valley, Minnesota. This 8,508 square foot strip center was built in 2019 and sits on a 0.71 acre parcel positioned around several national retailers. Nearby traffic drivers include Target, CVS, Chipotle, Texas Roadhouse, Hy-Vee, Taco Bell, Freddy’s among many others. With a mix of single-family homes and multi-family units, there is a steady demand for rental properties, making it a good option for investors. Cedar Avenue runs through the heart of Apple Valley, linking with Interstates 35E and 494 for easy and accessible commuting. Cobblestone Marketplace is a three-tenant retail strip, offering full stability at 100% occupancy. Caribou Coffee is a franchised coffee shop offering high-quality, handcrafted beverages and food since 1992. There are close to 300 locations in Minnesota alone with multiple other locations across 11 countries. Discover Strength is a national strength training franchise that offers personalized workouts, body composition testing, and low back therapy. There are over 40 locations in 10 different states. CLOVR Life Spa has three locations and is a franchised wellness and relaxation center also offering classes and workshops to the public.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

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