17625 Kenrick Ave Lakeville, MN 55044

This exceptional 20,567 square foot retail property, situated on a 2.35-acre lot at 17625 Kenrick Avenue in Lakeville, Minnesota, presents a compelling investment opportunity. Currently 100% occupied by a national tenant, The Salvation Army, under a long-term lease extending from September 1, 2024, to August 31, 2034, this single-tenancy building offers exceptional stability and predictable income. The property boasts a C-3 retail zoning designation, allowing for a variety of potential uses. The building features high ceilings, ranging from 16.5 feet to the deck and 14.3 feet to the bar joists, providing ample space and flexibility. Two dock doors with levelers ensure efficient loading and unloading. Recent upgrades include a brand new high-efficiency LED lighting system, enhancing energy efficiency and reducing operating costs. For added security, the interior is equipped with a sprinkler system and an alarm system. Exterior landscaping is enhanced by an irrigation system. Ample parking is available with 96 spaces. The property's strategic location offers excellent visibility from Interstate 35 and convenient access off County Road 50, within the thriving community of Lakeville. This property represents a rare opportunity to acquire a well-maintained, high-performing retail asset in a desirable location with a strong, established tenant. The asking price is $3,400,000.