Property Details

Suburban Square Shopping Center

Saint Paul, MN
Property ID: 14121

Financial Summary

Asking Price $6,100,000
Cap Rate 6.67%
Net Operating Income (NOI) $404,152
Lease Type NN

Offering Memorandum

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Contact

Jim Rock, CCIM
Principal
612.913.5654

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Highlights

  • Dynamic mix of medical and retail tenancy, with internet resistant tenancy
  • Strong tenant sales
  • Long-term leases with consistent rental rate increases
  • Irreplaceable urban location, with over 123,130 people within three miles
  • 39,339 SF dominant shadow grocery anchored center located in the State’s Capital
  • Positioned along area’s major retail and traffic corridor
  • Prominent visibility and easy access to major thoroughfares such as I 94
  • Building was renovated in 2016
  • Located within an Opportunity Zone

Location

1664 -1670 Suburban Avenue
Saint Paul, MN

Leigh ClineSuburban Square Shopping Center