Published on: Friday, September 12, 2025
Updated on: Friday, September 12, 2025
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Name: Lisa Christianson
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Cell Phone: (952) 393-1212
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  17625 Kenrick Avenue
17625 Kenrick Avenue Lakeville Minnesota , 55044
Listing ID: CL-Minnesota-26298
Quick Glance
Listing ID: CL-Minnesota-26298
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 2011
Building Size: 20,567.00 SqFt
Lot Size: N/A
No of Stories: 1
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Attached Documents
  • Download | 17625 Kenrick Avenue Flyer.pdf ( 316.25KB)
Listing Summary
20,567 FREESTANDING BUILDING FOR SALE - 100% LEASED, NEW 10 YEAR LEASE IN PLACE!
Complete Details
Year Build: 2011
Building Size: 20,567 SqFt.
No of Stories: 1
Total Lot Area: N/A Acre
No of Parking: N/A
No of Total Units: N/A
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
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
Listing Location
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