20,567 FREESTANDING BUILDING FOR SALE - NEW 10 YEAR LEASE IN PLACE!

20,567 FREESTANDING BUILDING FOR SALE - NEW 10 YEAR LEASE IN PLACE! OFFERING SUMMARY • Address: 17625 Kenrick Avenue | Lakeville, MN 55044 • Year Built: 2011 • Land Area (Acres): 2.35 acres (102,366 sf) • Building SF: 20,567 FINANCIAL SUMMARY • Offering Price: $3,400,000 • Price PSF: $165.31 • NOI (In-Place): $241,045 • Cap Rate (In-Place): 7% • Lease Type: Modified Gross (utilities separate) • 2024 Estimated CAM/INS: $2.54 psf and Tax: $3.46 psf • 2024 Tax: $71,230 INVESTMENTS HIGHLIGHTS: • Dakota County • Single tenancy • 100% Occupied • National tenant (Salvation Army) • Lease Terms: 9/1/2024 to 8/31/2034 • Zoning: C-3 Retail Building • Ceiling Height: 16.5’ to the deck, and 14.3’ to the bar joists • Dock Doors: 2 with leveler • Brand new high efficiency LED lights • Interior is sprinkled and equipped with an alarm system • Exterior irrigation system • Parking Spaces: 96 • Signage visible from I-35 and located off County Road 50 • Located in the growing community of Lakeville

Additional URLs

• https://www.spaceavailablemn.com/q/properties/17625-kenrick-avenue