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