8484 Tamarack Rd Woodbury, MN 55125
- Strip malls
- 7,486 SF
- 1.06 lot acres
Current Use by Public Records
- Strip malls
Property Details for 8484 Tamarack Rd
- Year built
- 1996
- Lot size
- 1.06 lot acres
- Property size
- 7,486 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 04-028-21-31-0010
- APU
- 402821310010
Description
This exceptional 7,486 square foot retail shopping center in Saint Paul, Minnesota, presents a compelling investment opportunity. Currently 100% occupied by The Original Mattress Factory, National Karate, and Smokey's Tobacco & Vape, the property boasts a strong NOI of $166,317 and a 7.50% cap rate. Built in 1996, this multi-tenant property sits on a 1.059-acre lot and benefits from high visibility and traffic counts averaging 15,000 vehicles daily on Tamarack Road and 29,000 vehicles daily on Radio Drive. Its strategic location offers convenient access to I-94 and I-494, placing it within easy reach of a large customer base. The property enjoys a prime location near Tamarack Village, a thriving shopping center exceeding 800,000 square feet with over 60 stores and restaurants. This area is densely populated with major retailers including Whole Foods, The Home Depot, PetSmart, Bed Bath & Beyond, Dick's Sporting Goods, Sierra, Cabela's, ALDI, Cub Foods, and more. 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. The asking price is $2,217,560, and the current leases have two years remaining. This property offers a stable income stream and significant potential for long-term growth in a highly desirable retail corridor.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Woodbury
- County
- Washington
- State
- Minnesota
- Longitude
- -92.9374
- Latitude
- 44.9379
- CBSA code
- 33460
- CBSA name
- MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA
