8144 Coller Way Woodbury, MN 55125-3612

Property Details for 8144 Coller Way

Year built

1998

Lot size

1.04 lot acres

Property size

7,500 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

04-028-21-34-0008

APU

402821340008

Description

This exceptional 7,455 square foot shopping center in Woodbury, Minnesota, presents a compelling investment opportunity. Boasting a 7.25% cap rate and a strong NOI of $166,285, this fully occupied (100%) property features four established tenants: Palm Beach Tan, JK Nails & Head Spa, Tii Cup, and The Good Feet Store, with a remaining lease term of four years. Situated on a 1.039-acre lot at 8144 Coller Way, the center benefits from a prime location near major thoroughfares, experiencing high daily traffic counts exceeding 15,000 vehicles on Tamarack Road and 29,000 on nearby Radio Drive. Its strategic placement offers convenient access to I-94 and I-494. The property enjoys proximity to a thriving retail environment, including prominent anchors such as Whole Foods, The Home Depot, PetSmart, Bed Bath & Beyond, Dick's Sporting Goods, Sierra, Cabela's, ALDI, Cub Foods, and more. Furthermore, its adjacency to Tamarack Village, a successful 800,000+ square foot shopping center with over 60 stores and restaurants, enhances its visibility and desirability. The surrounding area demonstrates strong demographics, with a population of 160,867 and an average household income of $137,161 within a 5-mile radius. Woodbury's reputation as a desirable family-oriented community, recognized by Fortune and Money magazines, further solidifies this investment's potential. Built in 1998, this property offers a stable income stream and significant upside potential in a high-growth area. The asking price is $2,293,586.

Location Insight

City

Woodbury

County

Washington

State

Minnesota

Longitude

-92.9384

Latitude

44.9377

CBSA code

33460

CBSA name

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

Property Tax & Assessments