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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.
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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