17625 Kenrick Avenue

17625 Kenrick Avenue, Lakeville Minnesota, 55044

Listing ID: CL-Minnesota-26298 Commercial Free Standing Retail
Published on: Friday, September 12, 2025 | Updated on: Friday, September 12, 2025

Listing Summary

20,567 FREESTANDING BUILDING FOR SALE - 100% LEASED, NEW 10 YEAR LEASE IN PLACE!

Full Description

20,567 FREESTANDING BUILDING FOR SALE - 100% LEASED, NEW 10 YEAR LEASE IN PLACE!

OFFERING SUMMARY

  • Address: 17625 Kenrick Avenue | Lakeville, MN 55044
  • Year Built: 2011
  • Land Area (Acres): 2.35 acres (102,366 sf)
  • Building SF: 20,567

FINANCIAL SUMMARY

  • Offering Price: $3,400,000
  • Price PSF: $165.31
  • NOI (In-Place): $237,740.50
  • Cap Rate (In-Place): 7%
  • Lease Type: Modified Gross (utilities separate)

INVESTMENTS HIGHLIGHTS:

  • 100% Occupied
  • National credit tenant (Salvation Army)
  • Lease Term: 9/1/2024 to 8/31/2034
  • Zoning: C-3 Retail Building
  • Ceiling Height: 16.5’ to the deck, and 14.3’ to the bar joists
  • Dock Doors: 2 with leveler
  • Brand new high efficiency LED lights
  • Interior is sprinkled and equipped with an alarm system
  • Exterior irrigation system
  • Parking Spaces: 96
  • Signage visible from I-35 and located off County Road 50
  • Located in the growing community of Lakeville
Quick Glance
  • Listing ID: CL-Minnesota-26298
  • Status: Active
  • Year Build: 2011
  • Building Size: 20,567 SqFt
  • Lot Size: N/A

Additional Links

Property Documents

Complete Details

  • Year Build: 2011
  • Building Size: 20,567 SqFt
  • No of Stories: 1
  • Heating and Cooling: Not Specified

Pricing Details

  • Acquisition Option
  • Cap Rate (%)
  • Commission
  • Monthly Income
  • Monthly Rent
  • Move-in Cost
  • Lease Terms
  • Available From
  • Business Included

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