Cave Springs Shopping Center
US - Saint Peters, MO
176,804 sf
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the fee-simple interest in Crosscreek Shoppes, a multi-tenant retail property located in Wayzata, just minutes from downtown Minneapolis. The property is situated in close proximity to the famous Lake Minnetonka in a retail and tourism hotspot. The investment benefits from being on a high-traffic corner in an extremely affluent part of the Twin Cities metro.
LOCATED ON THE SHORES OF THE FAMOUS LAKE MINNETONKA
• Immediately behind the property is Lake Minnetonka, the most popular recreational lake in Minnesota
• Lake Minnetonka attracts both residents and tourists for activities such as boating and swimming in the summer and ice skating and snowmobiling in the winter
DENSE & AFFLUENT DEMOGRAPHICS
• The average household income within a 3-mile radius is an impressive $165,000 with over $100,000 in average disposable income
• The area around Lake Minnetonka is highly demanded, so affluent residents and visitors abound
DIVERSIFIED TENANT BASE
• Mainly consisting of retail tenants, the rent roll also includes a residential space and office spaces
• This diverse tenant base reduces risk by exposing the investment to a variety of sectors
RETAIL & TOURISM CORRIDOR
• The property is located directly on Lake St, an iconic shopping and tourism corridor in Wayzata
• In addition to being in a retail hotspot, the property is also within walking distance of the Wayzata Yacht Club and Wayzata Beach
EASILY ACCESSIBLE FROM US HIGHWAY 12
• The building is located less than a mile from US-12 (60,000 VPD)
• US-12 is a primary thoroughfare linking the Twin Cities to the western suburbs
TWIN CITIES METROPOLITAN SUPPORT
• The property is located within the Minneapolis-St. Paul MSA just 20 minutes from Minneapolis' CBD
• The site benefits from its proximity to the metro without having increases costs associated with downtown prices