3673 Lexington Ave N, Arden Hills, MN 55126
For Lease
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Shannon Square Shoppes presents a unique opportunity in the vibrant Arden Hills market. This grocery-anchored shopping center, totaling 97,638 square feet, boasts a prime location just south of the I-694 interchange at Lexington Avenue, approximately 8 miles northeast of downtown Minneapolis. The center is anchored by a Cub Foods grocery store, ensuring consistent high traffic and strong consumer draw. A diverse mix of national and regional tenants complements the anchor, including Anytime Fitness, Caribou Coffee, The UPS Store, Great Clips, T-Mobile, Subway, Allstate, and H&R Block. Currently, one retail space of 1,772 square feet is available, ideal for a variety of businesses. This property benefits from a highly desirable infill location, surrounded by a dense population base: 59,341 residents within a 3-mile radius and 196,231 within a 5-mile radius. This translates to a significant customer pool and excellent potential for growth and profitability. The property's strategic location and strong tenant mix make it an attractive investment opportunity for businesses seeking high visibility and a thriving retail environment. The available space offers a chance to become part of a successful and established shopping center in a densely populated area with easy access to major transportation routes.
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
C · Arden Hills, MNArden Hills. 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.