3420 Denmark Ave Eagan, MN 55123-1088

Property Details for 3420 Denmark Ave

Year built

1988

Construction

CONCRETE

Lot size

2.58 lot acres

Property size

19,678 SF

Zone code

R

Property type

Strip malls

Property subtype

Neighborhood centers

APN

10-77069-01-010

APU

107706901010

Description

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.

Location Insight

City

Eagan

County

Dakota

State

Minnesota

Longitude

-93.1589

Latitude

44.831

CBSA code

33460

CBSA name

MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments