Freestanding Retail
12400 Castlemoor Dr, Eden Prairie, MN 55344
For Sale
New
$13,370,000
A net-leased property with a long-term master lease and sublease structure.
Property Size40,154 SF
Price / SF$325.93
Days on Market3
Property Features for 12400 Castlemoor Dr
General Information
Standard status
Size
Property subtype
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Mid-America Real Estate-Minnesota LLC
Listed By:
Amy Senn
(651) 983-4861
Source:
Midamericagrp
Added: Nov 6
Last Checked: Nov 6 at 2:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mid-America Real Estate-Minnesota LLC
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Investment Insights
Based on property information with market context.
This 41,021-square-foot freestanding retail property was built in 2022. Its tenancy is structured under an Amazon master lease with a Lava Island sublease, and the sublessor guaranty carries ratings of AA from S&P and A1 from Moody’s.
The net lease has approximately 11.3 years remaining, extending through March 2038. The property is located in Eden Prairie, Minnesota.
The net lease has approximately 11.3 years remaining, extending through March 2038. The property is located in Eden Prairie, Minnesota.
Key Highlights
- 41,021‑square‑foot freestanding retail property
- Built in 2022
- Amazon master lease with Lava Island sublease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$454,069
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,081,380
$9.1M
Cap Rate 7%
$6,486,700
$6.5M
Cap Rate 9%
$5,045,211
$5.0M
Market Conditions
NOI Build-Up for 41,021 SF
Gross rent
$699.0K $17.04/SF
− Vacancy
−$50.3K −$1.23/SF
EGI
$648.7K $15.81/SF
− OpEx
−$194.6K −$4.74/SF
NOI
$454.1K $11.07/SF
Area
Hennepin County, MN
Vacancy
7.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,081,380
Cap Rate 7%
$6,486,700
Cap Rate 9%
$5,045,211
Alternative Uses
Best Use
Retail
$6.49M
$5.68M – $7.57M
NOI $454,069 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.79M
$8.56M – $11.42M
NOI $685,073 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,457
Businesses Nearby
714k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 45%
Dining 23%
Superstores 14%
Shops & Services 9%
Scheels
Apparel
280,471 visits/mo
0.5 miles
Walmart
Superstores
98,473 visits/mo
0.5 miles
Chick-fil-A
Dining
36,393 visits/mo
0.1 miles
Sierra
Apparel
33,633 visits/mo
0.1 miles
McDonald's
Dining
33,445 visits/mo
0.3 miles
Demographics for 55344, MN
15,837
Population
7,416
Households
2.1
Avg Household Size
35
Median Age
61%
College-Educated
92%
High-School Grad
8.9 sq mi
ZIP Area
1,779
Density / Sq Mi
$89,590
Median Household Income
$64,278
Median Earnings
$1,725
Median Rent
$351,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Retail space in Hennepin County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - A net-leased property with a long-term master lease and sublease structure.
Where is this retail space located?
The property is located at 12400 Castlemoor Dr Eden Prairie, MN.
What is the asking price?
The asking price for this property is $13,370,000.
What are key features of this property?
This property features: 41,021‑square‑foot freestanding retail property; Built in 2022; Amazon master lease with Lava Island sublease
