Retail Space For Lease

433 Mendota Rd E East Mendota Road West Saint Paul, MN 55118

433 Mendota Rd E East Mendota Road , West Saint Paul, MN, 55118
433 Mendota Rd E East Mendota Road , West Saint Paul, MN, 55118
FOR LEASE
Property Type:
Strip Center
Amount:
Please Call Broker for Price

Cap Rate:
0.00%
Last Verified:
Aug 05, 2024

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Retail Space For Lease! Lafayette Square Shopping Center is located directly off the Lafayette Freeway (Highway 52) surrounded by professional offices, residential apartments, and single-family homes. This is a great retail location in the Minneapolis/St Paul metro area just north of I-494. Join co-tenants Marathon Gas, Wiggles & Wags Pet Salon, Foxtail Cuts, Farmers Insurance, Blvd Bar & Grille, Frutilandia, The Village Market and OSI Physical Therapy. Highlights and Features: Freeway visibility 1/2 mile north of I-494 Minutes from downtown St. Paul Close to Inver Grove Heights Great mix of successful businesses On bus line Pylon signage available Parking: 115 spaces Area Tenants: American Red Cross, Early Learning and Family Resource, Southview Acres Health Care Center, Southview Country Club Demographics and Traffic Counts: Average Household Population: 1 mile - 12,481, 3 miles - 68,933 and 5 miles - 174,015 Average Household Income: 1 mile - $72,258, 3 miles - $87,884 and 5 miles - $92,611 Traffic Counts: E Mendota Road - 16,900 vpd, Oakdale Avenue - 9,300 vpd, and Lafayette Freeway/Hwy 52 - 63,000 vpd Space Available: Suite 3: 1,100 sf Suite 14: 2,200 sf Suite 16-17: 2,040 sf Lease Rate: $14.00 psf - $15.00 psf NNN 2024 CAM: $5.58 psf and Tax: $3.79 psf

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Map of 433 Mendota Rd E East Mendota Road , West Saint Paul, MN, 55118

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.