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    FOR LEASE
    Grocery and convenience stores

    3787 Lexington Ave N, Arden Hills, MN 55112

    63,608 SF 4.23 ac lot Built 1980
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US46-1876175
    Property summary
    AI-generated overview

    This exceptional 43,000-square-foot retail space presents a remarkable opportunity for a single tenant seeking a high-profile location in Arden Hills, Ramsey County. Completed in 2022, this new construction building boasts excellent visibility and accessibility from Lexington Avenue North. The property offers a "white box" delivery, allowing for complete customization to suit a tenant's specific needs. Its strategic location places it directly across from major national retailers such as Target and Trader Joe's, ensuring high foot traffic and brand recognition. The surrounding area benefits from a strong daytime population, providing a substantial customer base. With ample parking accommodating 205 vehicles, customer convenience is prioritized. This freestanding building offers a unique opportunity to establish a prominent presence in a thriving retail corridor. The property's modern design and prime location make it an ideal space for a variety of retail businesses seeking significant exposure and a strong foundation for growth. The entire 43,000 square feet is currently vacant, providing a blank canvas for a discerning tenant. This is a rare chance to secure a substantial, newly constructed retail space in a highly desirable location.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group GROCERY, SUPERMARKET
    Year built 1980
    Total area 63,608 SF
    Lot 4.23 ac (184,433 SF)
    APN 27-30-23-41-0024
    UPID US46-1876175
    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
    $3.24M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $4.01M
    Blend (final) Blend
    $3.49M
    Owner & transaction history
    Imkd3 LLC · 5 yrs held
    Imkd3 LLC
    since 2021
    Last sale
    $3.5M
    2 recorded transactions
    2021
    $3.5M
    2019
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Warehouse, storage $5.1M +3.0%
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    More about this property
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