Valley Ridge Shopping Center 1240-1570 Frontage Rd W Local commercial 7 645 m² 93 % Loué À vendre Stillwater, MN 55082 8 523 205 € (1 114,89 €/m²) Taux de capitalisation 7,33 %
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Office Max & Anytime Fitness Anchored Shopping Center
- 27.7 Miles from Minneapolis St. Paul International Airport – One of the Region’s Major Travel Hubs
- Additional 16,629+ VPD on Northwestern Ave, W Frontage Rd, and International Blvd
- High Visibility, Prime Retail Property with a Service-Based Tenant Base
- The Dairy Queen Outparcel, which is Not Included in the Offering, is Ranked Top 22% Nationwide and Top 12% in The State of Minnesota per Placer. Ai
- The Entire Center Received a New Roof Installation Six Months Ago, with the Exception of Office Max, Minimizing Immediate Capital Expenditures
RÉSUMÉ ANALYTIQUE
Marcus & Millichap is pleased to present for sale The Valley Ridge Shopping Center, a prime multi-tenant shopping center anchored by Office Max and Anytime Fitness, located along MN-36 just 27.7 miles from Minneapolis-St. Paul International Airport. The center is comprised of 85,513 square feet of Gross Leasable Area (GLA) on a 8.32-acre site, offering ample space for future expansion or redevelopment. Situated in an affluent area with an average household income of $147,747 within a 5-mile radius, the site has excellent visibility and traffic, with over 36,989+ vehicles per day (VPD). Recent improvements include a new roof installed six months ago across most of the center, minimizing capital expenditure.
With substantial upside potential through vacant space and eight lease rollovers within the next 1-3 years, Valley Ridge Shopping Center offers a significant value add opportunity for investors to increase cash flow and lease-up available space. The property’s strategic location, strong consumer base, and potential for future growth in the thriving Stillwater community. The Dairy (Not Included) Ranks Amongst the top 22 percent nationwide and top 12 percent in the state as per Placer. Ai , highlighting the high traffic volume that is seen at the center.
Stillwater, Minnesota, is experiencing significant growth in both retail and residential development. Key projects include the Central Commons Development, which will feature a Hy-Vee grocery store, a convenience store, and a 200-unit apartment complex. The Stillwater Commons Office Building offers new office and retail spaces, while the newly completed Chestnut Street Plaza enhances downtown’s walkability. Additionally, Rivertown Commons was acquired for affordable senior housing, and the local culinary scene is thriving with new establishments like Xela’s by El Sazon. These developments highlight Stillwater’s commitment to enhancing its retail and residential offerings, making it an appealing location for both residents and investors. Highlight Stillwater’s commitment to enhancing its retail and residential offerings, making it an appealing location for both residents and investors.
With substantial upside potential through vacant space and eight lease rollovers within the next 1-3 years, Valley Ridge Shopping Center offers a significant value add opportunity for investors to increase cash flow and lease-up available space. The property’s strategic location, strong consumer base, and potential for future growth in the thriving Stillwater community. The Dairy (Not Included) Ranks Amongst the top 22 percent nationwide and top 12 percent in the state as per Placer. Ai , highlighting the high traffic volume that is seen at the center.
Stillwater, Minnesota, is experiencing significant growth in both retail and residential development. Key projects include the Central Commons Development, which will feature a Hy-Vee grocery store, a convenience store, and a 200-unit apartment complex. The Stillwater Commons Office Building offers new office and retail spaces, while the newly completed Chestnut Street Plaza enhances downtown’s walkability. Additionally, Rivertown Commons was acquired for affordable senior housing, and the local culinary scene is thriving with new establishments like Xela’s by El Sazon. These developments highlight Stillwater’s commitment to enhancing its retail and residential offerings, making it an appealing location for both residents and investors. Highlight Stillwater’s commitment to enhancing its retail and residential offerings, making it an appealing location for both residents and investors.
INFORMATIONS SUR L’IMMEUBLE
Type de vente
Investissement
Type de bien
Local commercial
Sous-type de bien
Boutique
Surface de l’immeuble
7 645 m²
Classe d’immeuble
C
Année de construction
1984
Prix
8 523 205 €
Prix par m²
1 114,89 €
Taux de capitalisation
7,33 %
RNE
625 041 €
Pourcentage loué
93 %
Occupation
Multi
Hauteur de l’immeuble
1 Étage
Quais de chargement
2 Extérieur
Coefficient d’occupation des sols de l’immeuble
0,23
Surface du lot
3,37 ha
Zonage
C - Commercial
Stationnement
446 Espaces (58,34 places par 1 000 m² loué)
CARACTÉRISTIQUES
- Visibilité de l’autoroute
- Enseigne sur pylône
- Signalisation
PRINCIPAUX OCCUPANTS
- OCCUPANT
- SECTEUR D’ACTIVITÉ
- m² OCCUPÉS
- LOYER/m²
- FIN DU BAIL
- Office Max
- -
- 1 322 m²
- -
- -
| OCCUPANT | SECTEUR D’ACTIVITÉ | m² OCCUPÉS | LOYER/m² | FIN DU BAIL | ||
| Office Max | - | 1 322 m² | - | - |
DISPONIBILITÉ DE L’ESPACE
- ESPACE
- SURFACE
- TYPE DE BIEN
- POSTE
- DISPONIBLE
Centre commercial à locataires multiples situé le long de l'autoroute 36 avec le trafic quotidien d'environ 38 000 véhicules. Une porte d'entrée pour les visiteurs de la vallée de Sainte-Croix
Centre commercial à locataires multiples situé le long de l'autoroute 36 avec le trafic quotidien d'environ 38 000 véhicules. Une porte d'entrée pour les visiteurs de la vallée de Sainte-Croix
| Espace | Surface | Type de bien | Poste | Disponible |
| 1266 | 347 m² | Local commercial | - | Maintenant |
| 1280 | 199 m² | Local commercial | - | Maintenant |
1266
| Surface |
| 347 m² |
| Type de bien |
| Local commercial |
| Poste |
| - |
| Disponible |
| Maintenant |
1280
| Surface |
| 199 m² |
| Type de bien |
| Local commercial |
| Poste |
| - |
| Disponible |
| Maintenant |
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PRINCIPAUX COMMERCES À PROXIMITÉ
TAXES FONCIÈRES
| N° de parcelle | Évaluation des aménagements | 8 668 049 € | |
| Évaluation du terrain | 1 751 970 € | Évaluation totale | 10 420 018 € |
