Investment Overview

Marcus & Millichap is pleased to present for sale The Valley Ridge Shopping Center, a prime multi-tenant shopping center anchored by Office Max and Anytime Fitness, located along MN-36 just 27.7 miles from Minneapolis-St. Paul International Airport. The center is comprised of 82,289 square feet of Gross Leasable Area (GLA) on a 8.32-acre site, offering ample space for future expansion or redevelopment. Situated in an affluent area with an average household income of $147,747 within a 5-mile radius, the site has excellent visibility and traffic, with over 36,989+ vehicles per day (VPD). Recent improvements include a new roof installed six months ago across most of the center, minimizing capital expenditure. With substantial upside potential through vacant space and eight lease rollovers within the next 1-3 years, Valley Ridge Shopping Center offers a significant value add opportunity for investors to increase cash flow and lease-up available space. The property’s strategic location, strong consumer base, and potential for future growth in the thriving Stillwater community. The Dairy (Not Included) Ranks Amongst the top 22 percent nationwide and top 12 percent in the state as per Placer. Ai , highlighting the high traffic volume that is seen at the center. Stillwater, Minnesota, is experiencing significant growth in both retail and residential development. Key projects include the Central Commons Development, which will feature a Hy-Vee grocery store, a convenience store, and a 200-unit apartment complex. The Stillwater Commons Office Building offers new office and retail spaces, while the newly completed Chestnut Street Plaza enhances downtown’s walkability. Additionally, Rivertown Commons was acquired for affordable senior housing, and the local culinary scene is thriving with new establishments like Xela’s by El Sazon. These developments highlight Stillwater’s commitment to enhancing its retail and residential offerings, making it an appealing location for both residents and investors. Highlight Stillwater’s commitment to enhancing its retail and residential offerings, making it an appealing location for both residents and investors.