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6316-6408 56th Ave N
Minneapolis, MN 55428 Lions Park

$2,995,000 USD

General Retail For Sale  •  28,000 SF

Property Details

  • Property Type General Retail
  • Total Building Size 28,000 SF
  • Lot Size 0.71 AC
  • Building Class C
  • Year Built 1952
  • Tenancy Multiple
  • Zoning C
40 Transit Score
60 Walk Score

Highlights

DENSE RETAIL CORRIDOR - The offering is located in a dense retail corridor in the first ring suburb Crystal.
COMPLIMENTARY AND DIVERSE TENANTS - Retail corridor features national tenants such as Target, Aldi, Starbuck’s and McDonalds.
RENTS SIGNIFICANTLY BELOW MARKET - The Property is 100% occupied by a diverse tenant mix at rents significantly below market.
STRONG CASH FLOW AND CAP RATE - Strong going-in cash flow and Cap Rate with significant upside through rent growth and converting to net leases.
PRICED BELOW REPLACEMENT COST - The property is priced well below replacement cost.
METRO BLUE LINE EXTENSION - The property is situated adjacent to a planned future light rail station that should significantly increase the traffic.

Amenities

  • Bus Line
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Fridley Station (Northstar Corridor - Northstar Commuter Rail) 11 min - 7.1 mi
Target Field Station (Northstar Corridor - Northstar Commuter Rail) 16 min - 7.2 mi
AirportDriveWalkDistance
Minneapolis-St Paul International/Wold-Chamberlain 32 min - 22.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 70
Type: Surface
Included in Rent: Yes
AJ Prins 952-210-0484 CBRE
AJ Prins 952-210-0484 CBRE