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6316-6414 56 Ave N Crystal, MN

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For Sale
$2,995,000

Retail property in dense area with strong cash flow.

Property size:
27,014 SF
Lot size:
0.34 Acres

Property Features for 6316-6414 56 Ave N

General Information

Size
27,014 SF
Lot size
0.34 Acres

Source: CBRE - Minnesota Agent Sean Doyle

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Retail Center Near Future Rail

This retail property is located in Crystal, a first-ring suburb situated 6 miles northwest of Downtown Minneapolis, within a dense retail corridor. The property features a diverse tenant mix with rents below market rates and is priced below replacement cost. The surrounding area is densely populated, with over 110,000 residents within a three-mile radius. The retail corridor includes national tenants such as Target, Aldi, Starbucks, and McDonalds. The property benefits from strong going-in cash flow and capitalization rate, with potential for rent growth and conversion to net leases. Situated adjacent to a planned future light rail station, the property anticipates increased traffic. It is located near two major interstates and two large highways, experiencing over 100,000 vehicles per day. The property size is 27,014 square feet.
Location Intelligence

Current Use by Public Records

Strip malls

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Map

City
Crystal
County
Hennepin
State
Minnesota
Longitude
-93.3364004
Latitude
45.0167268

FAQs

What type of property is this?
Shopping center - Retail property in dense area with strong cash flow.
Where is this shopping center located?
The property is located at 6316-6414 56 Ave N Crystal, MN.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: - Strong going-in cash flow and Cap Rate with significant upside through rent growth and converting to net leases.; - Priced well below replacement cost.; - Located adjacent to a planned future light rail station.
More about this property
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