3070 White Bear AveMaplewood, MN 55109
For Sale
$2,976,606
High-cap rate, corporate-guaranteed lease.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 125
Highlights
- 2017 build-to-suit property for AT&T, Verizon Wireless, and T-Mobile.
- Approximately 3 years remaining on the initial lease term with three 5-year options at 10% rent increases.
- 8.75% cap rate with a current NOI of $260,453 and an asking price of $2,976,606.
- 13.5-year roof warranty.
- Triple-net (NN+) lease with strong corporate guarantor.
- Prime retail location across from Maplewood Mall, with over 3 million annual consumer visits.
Property Details for 3070 White Bear Ave
- Property type
- Retail properties, Retail space
- Square Feet
- 4,305 SF
- Year Built
- 2017
- Lot Size (sq. ft)
- 25,700 SF
Location Insight
- City
- Maplewood
- County
- Ramsey
- State
- Minnesota
- Latitude
- 45.034374278614
- Longitude
- -93.017609771211
3070 White Bear Ave, Maplewood, Minnesota
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-cap rate, corporate-guaranteed lease.
- Where is the retail property located?
- The property is located at 3070 White Bear Ave Maplewood, MN.
- What is the asking price?
- The asking price for this property is $2,976,606.
- What are key features of this property?
- This property features: 2017 build-to-suit property for AT&T, Verizon Wireless, and T-Mobile.; Approximately 3 years remaining on the initial lease term with three 5-year options at 10% rent increases.; 8.75% cap rate with a current NOI of $260,453 and an asking price of $2,976,606.
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