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    FOR LEASE
    Community centers

    3673 Lexington Ave N, Arden Hills, MN 55126

    29,557 SF 4.04 ac lot Built 1986
    Entity Owned 7-yr Hold Absentee Owner Free & Clear
    Property ID
    US46-0902964
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Community centers
    Use group MINI-MALL
    Year built 1986
    Total area 29,557 SF
    Lot 4.04 ac (176,070 SF)
    Zoning code C
    APN 27-30-23-44-0015
    UPID US46-0902964
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.65M
    Owner & transaction history
    Sup I Shannon Square LLC · 7 yrs held
    Sup I Shannon Square LLC
    since 2018
    3 recorded transactions
    2018
    2003
    $31,000
    1998
    Zoning & alternative use
    C · Arden Hills, MN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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