For Lease - 20,567 SF Freestanding Building

17625 Kenrick Avenue Lakeville, MN 55044

17625 Kenrick Avenue, Lakeville, MN, 55044
17625 Kenrick Avenue, Lakeville, MN, 55044
Property Type:
Free Standing Building
Please Call Broker for Price

Cap Rate:
Last Verified:
Mar 28, 2024

For Lease - 20,567 SF Freestanding Building Highlights and Features: • Signage on I-35 • Parking Spaces: 96 • Ceiling Height: 16.5’ to the deck 14.3’ to the bar joists • Interior is sprinkled and equipped with an alarm system • Brand new high efficiency LED lights • Dock with leveler • Compactor outside stays with the building • Exterior irrigation system • Zoning: C-3 General Commercial District • Built in 2011 • Area tenants include Minnesota Tile & Stone, Cub Grocery, Dairy Queen, Quality Inn, Chipotle, ReStored Thrift Store, Jimmy John’s, Hotworx, Green Mill, Ace Hardware, Anytime Fitness, Wendy’s, Walgreens, BMO Harris Bank, Starbucks, Taco Bell, Great Clips, Nautical Bowls, Dollar Tree, Culver’s, Perkins, and Wells Fargo Demographics and Traffic Counts: • Average Household Population: 1 mile - 3,380, 3 miles - 22,915, and 5 miles - 64,144 • Average Household Income: 1 mile - $116,014, 3 miles - $113,009, and 5 miles - $100,837 • Kenrick Avenue - 15,200, Hwy 50 - 25,500 vpd, and I-35 - 76,034 vpd Space Available: 20,567 sf • 2024 CAM: $1.25 psf and Tax: $3.46 psf

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.