3420 Denmark Ave, Eagan, MN 55123-1088
This exceptional investment opportunity presents the Town Centre Shoppes, a thriving retail center in Eagan, Minnesota. Comprising three buildings totaling 44,692 square feet on a 5.77-acre lot, this property boasts 100% occupancy with 19 diverse tenants, none exceeding 12% of the gross leasable area (GLA). Built in 1988, the property has undergone significant recent improvements, including over $550,000 in capital expenditures within the last two years. These upgrades encompass parking lot and sidewalk replacement, stucco repairs, and fresh paint. The property's strategic location on two hard corners at a signalized intersection in Eagan's primary commercial corridor ensures high visibility. Nearby national retailers such as Walmart, Home Depot, TJ Maxx, Walgreens, Cub Foods, and Aldi contribute to strong traffic flow. The average household income within a three-mile radius is $139,000, significantly exceeding the national average. This unanchored shopping center offers a stable investment with a weighted average lease term exceeding 15 years and a strong weighted average remaining lease term (WALT) of 3.5 years. The property's address is 3420 Denmark Ave, Eagan, MN 55121, and its APN is 10-77069-01-010, 10-77055-01-030, 10-77055-01-040, 10-77055-01-041. This is a rare opportunity to acquire a legacy property with a proven track record of success.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R · Eagan, MNEagan. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.