3052 65Th StInver Grove Heights, MN 55076

Property Details for 3052 65Th St

Year built

1985

Property size (Sq ft)

10,488 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents the Village Crossing Square Shopping Center, a 10,488 square foot multi-tenant retail property located at 3052 65th St E, Inver Grove Heights, Minnesota 55076. Built in 1985, this shopping center boasts 100% occupancy with six long-term tenants, generating a substantial Net Operating Income (NOI) of $152,296. The asking price is $1,791,357, representing a compelling capitalization rate of 8.5% and a price per square foot of $170.80. The property is in excellent condition and benefits from professional property management, ensuring a streamlined and efficient ownership experience. This NNN-leased property offers a stable and attractive return on investment for discerning buyers seeking a well-established, fully occupied retail center in a desirable Minnesota location. The property's strong tenant base and consistent cash flow make it an ideal addition to any portfolio. This is a turnkey investment opportunity with minimal vacancy risk and significant upside potential. All financial information is based on current data.

Location Insight

City

Inver Grove Heights

County

Dakota

State

Minnesota

Latitude

44.855

Longitude

-93.0438

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