17625 Kenrick Ave Lakeville, MN 55044

This exceptional 20,567-square-foot warehouse in Lakeville, Minnesota, presents a compelling investment opportunity. Boasting a 7.00% cap rate and a strong NOI of $241,045, this single-tenant property is fully occupied by a national tenant (Salvation Army) under a 10-year lease commencing August 31, 2024, and expiring August 30, 2034. Situated on a 2.35-acre lot in Dakota County, the property features 96 parking spaces, two dock-high doors with levelers, and a 16.5' ceiling height (14.3' to bar joists). Built in 2011, this one-story warehouse is zoned C-3 Retail Building and includes modern amenities such as brand new high-efficiency LED lighting, a sprinkler system, an alarm system, and an exterior irrigation system. Its prime location offers excellent visibility from I-35 and County Road 50, within the thriving Lakeville community. The asking price is $3,400,000, translating to $165.31 per square foot. This is a rare opportunity to acquire a high-performing, well-located industrial asset with a long-term lease in place.