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Shopping Strip

3607 White Bear Ave

3607 White Bear Ave, Saint Paul, MN 55110

Listing Price: $1,000,000

Cap Rate
9.00%
Gross SF
5,174
Rentable SF
5,174
Price/Gross SF
$193.27
Lot Size
0.33 acres
Year Built
1950

Investment Overview

Marcus & Millichap is pleased to exclusively represent for sale the property at 3607 White Bear Ave N in White Bear Lake, MN. The property presents a unique opportunity to acquire a well located cash flowing mixed use property in a densely populated Minneapolis suburb. The property is positioned on the corner of White Bear Ave (14,600 VPD) and County Rd E (10,044 VPD) with great visibility to all traffic directions. With over 140,000 people in a 5 mile radius the property is at the heart of South White Bear Lake, MN. The in place modified gross leases allow for a value add component to the property. Currently all utility and CAM expenses are recovered, while taxes and insurance are still a landlord responsibility. This provides a scenario where additional expense recovery could take place during options and lease negotiations.

Investment Highlights

  • Prime location! Positioned on the corner of White Bear Ave (14,600 VPD) and County Rd E (10,044 VPD) with great visibility to all traffic directions.
  • Dense Population! With over 140,000 people in a 5 mile radius.
  • The Mixed Use tenants provide a variety of services that have remained stable throughout the pandemic, each with ample lease term remaining.

Exclusively Listed By

Financing By

Shopping Strip

3607 White Bear Ave

Listing Price: $1,000,000

Cap Rate
9.00%
Gross SF
5,174
Rentable SF
5,174
Price/Gross SF
$193.27
Lot Size
0.33 acres
Year Built
1950

Investment Highlights

  • Prime location! Positioned on the corner of White Bear Ave (14,600 VPD) and County Rd E (10,044 VPD) with great visibility to all traffic directions.
  • Dense Population! With over 140,000 people in a 5 mile radius.
  • The Mixed Use tenants provide a variety of services that have remained stable throughout the pandemic, each with ample lease term remaining.

Investment Overview

Marcus & Millichap is pleased to exclusively represent for sale the property at 3607 White Bear Ave N in White Bear Lake, MN. The property presents a unique opportunity to acquire a well located cash flowing mixed use property in a densely populated Minneapolis suburb. The property is positioned on the corner of White Bear Ave (14,600 VPD) and County Rd E (10,044 VPD) with great visibility to all traffic directions. With over 140,000 people in a 5 mile radius the property is at the heart of South White Bear Lake, MN. The in place modified gross leases allow for a value add component to the property. Currently all utility and CAM expenses are recovered, while taxes and insurance are still a landlord responsibility. This provides a scenario where additional expense recovery could take place during options and lease negotiations.

Exclusively Listed By

Financing By

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