Property summary
This exceptional 3,775 square foot Class A retail property, built in 2017, presents a compelling value-add or owner-user investment opportunity. Anchored by a Dunkin' franchisee with a 4.2-year remaining lease, this multi-tenant building offers significant in-place income. Located on a 0.5-acre lot in Maple Grove, Minnesota (APN: 1111922410015), the property enjoys a prime location on Zachary Lane N, with excellent visibility and access to Highway 610. The property features a drive-thru and ample parking (5.5 spaces per 1,000 sq ft), along with a cross-parking easement. Currently at 45% occupancy, there is 2,067 square feet available for lease or owner-user occupancy. The property benefits from its proximity to Parnassus Preparatory School and other key amenities, and sits within a thriving commercial area with a high average household income ($117,000). The asking price is $1,600,000 ($423.84/sq ft), representing a strong potential return on investment. The property is zoned for commercial use and offers significant growth potential. This is a rare opportunity to acquire a high-quality asset in a desirable location with established income and upside potential. The property's location provides excellent ingress and egress via State Highway 610, Zachary Lane N (County Road 202), and County Road 81, with traffic counts reaching 46,200 vehicles per day. The building is a freestanding structure with a NNN lease type.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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