Lincolnshire Commons
970 Milwaukee Ave, Lincolnshire, IL, 60069, US
Description
Property Address: 4335 Pheasant Ridge Road Dr NE, Blaine, MN 55449
Property Size: 220,685 SF
Occupancy: 93.3%
Year Built: 2001
Parking Spaces: 868
WALT: 6 Years
Year 1 NOI: +/- $2,942,000
5-Year CAGR: +/- 5.9%
...
Attributes
Building area gross
20,502 m²
Occupancy
93%
Year built
2001
Media
Investment Highlights
- Market Dominant Grocery-Anchored Shopping Center Positioned for Long-Term Success
- #2 Most Trafficked Shopping Center in 10-Mile Radius, Top 10% in Minnesota
- Anchored by Cub Foods (#1 market share for traditional grocers in Minneapolis MSA) Who recently extended for 7 years
- 3.3M Annual Visitors – 80% Higher than Next Best Performing Center in 5-Mile Radius
- Located off the Northeast Corner of Lexington Avenue & Interstate 35W – 107,754 Combined VPD
- Blaine – One of Minnesota’s Fastest Growing Communities
- Minnesota’s 10th Largest City at a Population of 76,397
- Over 1,700 new homes in construction pipeline across 22 Master Planned Communities in Blaine
- Blaine has Consistently Grown by an Average of 1,000 Residents per Year for the Last Two Decades – 33% Population Growth Since 2010
- Village of Blaine Population Expected to Grow 3.5% by 2030
- Stable Cash Flow with Value-Add Creation Opportunities
- +/- 25% of Income Generated by Cub Foods Grocer Anchor
- 14,765 SF of Vacant Space Available, Offering +/- 6% 5-Year NOI CAGR
- Cub Foods Separately Parceled
- Outstanding Leasing Momentum
- 33,376 SF Across 9 Leases Signed Since 2022
- 2.2% Market Vacancy Rate with 5.3% YOY Rent Growth
Contact brokers
Village of Blaine Shopping Center (0 Properties)
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Last updated
5 May 2026
