3052 65Th St Inver Grove Heights, MN 55076
- Lifestyle centers
- 10,488 SF
Current Use by Public Records
- Lifestyle centers
Property Details for 3052 65Th St
- Year built
- 1985
- Property size
- 10,488 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents the Village Crossing Square Shopping Center, a 10,488 square foot multi-tenant retail property located at 3052 65th St E, Inver Grove Heights, Minnesota 55076. Built in 1985, this shopping center boasts 100% occupancy with six long-term tenants, generating a substantial Net Operating Income (NOI) of $152,296. The asking price is $1,791,357, representing a compelling capitalization rate of 8.5% and a price per square foot of $170.80. The property is in excellent condition and benefits from professional property management, ensuring a streamlined and efficient ownership experience. This NNN-leased property offers a stable and attractive return on investment for discerning buyers seeking a well-established, fully occupied retail center in a desirable Minnesota location. The property's strong tenant base and consistent cash flow make it an ideal addition to any portfolio. This is a turnkey investment opportunity with minimal vacancy risk and significant upside potential. All financial information is based on current data.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Inver Grove Heights
- County
- Dakota
- State
- Minnesota
- Longitude
- -93.0438
- Latitude
- 44.855
