Oak 36 Retail Center_Property for Sale
Oak 36 Retail Center_Property for Sale
13161 60th St N, Oak Park Heights, MN, 55082, US

Oak 36 Retail Center

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the fee-simple interest in Oak 36 Retail Center. This multi-tenant center is located just off of and is highly visible from MN-36, which carries over 38,000 vehicles per day. The property is located within a dense retail corridor featuring numerous brand-name retailers. The surrounding area of Oak Park Heights and Stillwater is a highly sought after submarket of Minneapolis-Saint Paul and features affluent demographics. With 100% occupancy and a WALT of over 5 years, Oak 36 Retail Center provides the unique opportunity to acquire a multi-tenant center with stable cash flows in a retail-dense, high-demand submarket of the Twin Cities.

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Attributes

Asking Price
€5,652,000
Building area Gross
1,141 m²
Occupancy
100.00%
Year built
2017
Cap Rate
6.40%
NOI
€362,000

Media

Investment Highlights

MULTI-TENANT NET LEASE INVESTMENT

The investment is fully occupied by five tenants, all of which are on NNN leases

The property features four end caps, a drive thru, and three patio spaces, maximizing the leasability of the center


AFFLUENT DEMOGRAPHICS IN SOUGHT AFTER MARKET

This property is located in Oak Park Heights, just outside of Stillwater, a highly sought after submarket of the Twin Cities

The area within a five-mile radius boasts an average household income of over $150,000 with an average buying power over $100,000


SITUATED IN RETAIL CORRIDOR

The property is nestled within a retail-dense portion of Oak Park Heights & Stillwater

Brands such as Target, Menards, Lowe's, Walmart, Petco, and Chipotle are all within walking distance and will drive traffic to the center


NATIONAL BRANDS WITH ROOM TO GROW

Aspen Dental, Shopko Optical, & AT&T are established brands with decades of operating success

Potbelly and Crisp & Green have continued to demonstrate aptitude for rapid growth throughout the nation


HIGHLY VISIBLE FROM HIGHWAY

The property is well positioned just off an exit of MN-36, which carries nearly 38,000 vehicles per day

The property benefits from its parallel positioning to MN-36 and highly visible signage

Contact brokers

Oak 36 Retail Center (0 Properties)

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Last updated
15 May 2023