8144 Coller WayWoodbury, MN 55125

For Sale
$2,293,586

High-yield, multi-tenant retail center

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 7,455 square foot shopping center in Woodbury, Minnesota, presents a compelling investment opportunity. Boasting a 7.25% cap rate and a strong NOI of $166,285, this fully occupied (100%) property features four established tenants: Palm Beach Tan, JK Nails & Head Spa, Tii Cup, and The Good Feet Store, with a remaining lease term of four years. Situated on a 1.039-acre lot at 8144 Coller Way, the center benefits from a prime location near major thoroughfares, experiencing high daily traffic counts exceeding 15,000 vehicles on Tamarack Road and 29,000 on nearby Radio Drive. Its strategic placement offers convenient access to I-94 and I-494. The property enjoys proximity to a thriving retail environment, including prominent anchors such as Whole Foods, The Home Depot, PetSmart, Bed Bath & Beyond, Dick's Sporting Goods, Sierra, Cabela's, ALDI, Cub Foods, and more. Furthermore, its adjacency to Tamarack Village, a successful 800,000+ square foot shopping center with over 60 stores and restaurants, enhances its visibility and desirability. The surrounding area demonstrates strong demographics, with a population of 160,867 and an average household income of $137,161 within a 5-mile radius. Woodbury's reputation as a desirable family-oriented community, recognized by Fortune and Money magazines, further solidifies this investment's potential. Built in 1998, this property offers a stable income stream and significant upside potential in a high-growth area. The asking price is $2,293,586.

Highlights

  • 7,455 SF shopping center in Woodbury, MN, 100% leased to Palm Beach Tan, JK Nails & Head Spa, Tii Cup, and The Good Feet Store; four-year remaining lease term.
  • Prime location adjacent to Tamarack Village, an 800,000+ SF shopping center with over 60 stores and restaurants.
  • Strong surrounding retail environment including Whole Foods, The Home Depot, PetSmart, and other national retailers.
  • Excellent demographics: 160,867 population and $137,161 average household income within a 5-mile radius.
  • Located in Woodbury, MN, a high-growth, family-oriented community ranked highly by Fortune and Money magazines.

Property Details for 8144 Coller Way

Property type
Lifestyle centers, Power centers
Square Feet
7,455 SF
Year Built
1998
Lot Size (sq. ft)
45,259 SF

Location Insight

City
Woodbury
County
Washington
State
Minnesota
Latitude
44.9377182
Longitude
-92.9385544
8144 Coller Way, Woodbury, Minnesota

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8144 Coller Way
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