Town Centre Shoppes

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in Town Centre Shoppes located at 3420-3450 Denmark Ave & 1250-1272 Town Centre Dr in Eagan, Minnesota. The investment includes a collection of three unanchored strips that have a total of 44,692 SF of GLA and sit on 5.77 acres of land. The current owner developed the property over 35 years ago and has invested $550,000+ in capital expenditures into the property over the last two years, offering investors the opportunity to acquire the newly improved legacy property for the first time.

The property boasts 100% occupancy and a strong WALT of 3.5 years. With the weighted average occupancy at over 15 years, the investment has proven it's stability. The property is truly unanchored with none of the 19 tenants taking up more than 12% of the GLA, and the rent roll includes a diverse and complimentary tenant mix ranging from food & beverage and health & wellness to pet and soft goods.

The site is strategically situated on two hard corners and a signalized intersection, making the buildings highly visible from three sides. The property sits within the primary commercial corridor of Eagan, which includes numerous national traffic drivers such as Walmart, Home Depot, TJ Maxx, Walgreens, and several grocers such as Cub Foods and Aldi. The investment also benefits from strong demographics, with the average household income within a three-mile radius being $139,000, 23% higher than the national average.