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17070 Kenrick Ave
Lakeville, MN 55044 Dakota Far Southwest Suburbs

$35,180,000

Freestanding For Sale  •  202,669 Sq Ft

Property Details

  • Property Type Freestanding
  • Total Building Size 202,669 Sq Ft
  • Lot Size 19 ac
  • Building Class C
  • Year Built 1986
  • Cap Rate 6.75 %
  • Tenancy Single
18 Transit Score
19 Walk Score

Description

The CBRE Net Lease Property Group is pleased to exclusively offer a 202,669-square-foot freestanding Fleet Farm in Lakeville, Minnesota (Population: 63,683), an affluent suburb located within the Minneapolis– St. Paul, MN–MSA (Population: 3,600,618). The 20.6-acre property contains a 197,732-square-foot retail store along with a gas station and a four-stall car wash. Fleet Farm’s 25-year absolute NNN lease, which includes 2% annual increases throughout the lease term and in each of four 5-year options to renew, has 23 years of primary term remaining. Fleet Farm is strategically positioned with convenient access and visibility on Interstate 35 (Traffic Count: 70,000 VPD) which provides direct access to the Minneapolis & St. Paul CBDs, less than 25 miles to the north. The site also benefits from its position within the area’s primary retail and residential corridor, with approximately 3.7 MSF of retail space, 17,144 households and 2,500 multifamily units within a 3-mile radius.

Highlights

Premier Regional Brand: Fleet Farm proudly serves the Upper Midwest, vending high-quality merchandise designed for life, work, home and recreation.
E-Commerce Resistant: Fleet Farm is well-positioned to withstand online competition due to its unique e-commerce resistant product mix
Cap Rate: 6.75 %

Amenities

  • Bus Line
  • Dedicated Turn Lane
  • Freeway Visibility
  • Pylon Sign
  • Signage

Public Transportation

AirportDriveWalkDistance
Minneapolis–Saint Paul International Airport 25 min - 16.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 670
Type: Surface
Included in Rent: Yes
Will Pike 404-923-1381 CBRE, Inc.
Will Pike 404-923-1381 CBRE, Inc.