20,567 SINGLE TENANT BUILDING FOR SALE - 100% LEASED, NEW 10 YEAR LEASE IN PLACE!

20,567 SINGLE TENANT BUILDING FOR SALE - 100% LEASED, 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): $241,190 • Cap Rate (In-Place): 7% • Lease Type: Modified Gross (utilities separate) INVESTMENTS HIGHLIGHTS: • 100% Occupied • National credit tenant (Salvation Army) • Lease Term: 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 • Located in the growing community of Lakeville

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