8144 Coller WayWoodbury, MN 55125

Property Details for 8144 Coller Way

Year built

1998

Lot size

1.04 AC

Property size (Sq ft)

7,500 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

04-028-21-34-0008

APU

402821340008

Description

This exceptional 7,455 square foot shopping center in Woodbury, Minnesota, presents a compelling investment opportunity. Boasting a 7.25% cap rate and a strong NOI of $166,285, this fully occupied (100%) property features four established tenants: Palm Beach Tan, JK Nails & Head Spa, Tii Cup, and The Good Feet Store, with a remaining lease term of four years. Situated on a 1.039-acre lot at 8144 Coller Way, the center benefits from a prime location near major thoroughfares, experiencing high daily traffic counts exceeding 15,000 vehicles on Tamarack Road and 29,000 on nearby Radio Drive. Its strategic placement offers convenient access to I-94 and I-494. The property enjoys proximity to a thriving retail environment, including prominent anchors such as Whole Foods, The Home Depot, PetSmart, Bed Bath & Beyond, Dick's Sporting Goods, Sierra, Cabela's, ALDI, Cub Foods, and more. Furthermore, its adjacency to Tamarack Village, a successful 800,000+ square foot shopping center with over 60 stores and restaurants, enhances its visibility and desirability. 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. Woodbury's reputation as a desirable family-oriented community, recognized by Fortune and Money magazines, further solidifies this investment's potential. Built in 1998, this property offers a stable income stream and significant upside potential in a high-growth area. The asking price is $2,293,586.

• CAP approach

  CAP return

  Valuation

  6%

  $2,027,003

  6.5%

  $1,871,080

  7%

  $1,737,432

• Comparable approach

  Method

  Valuation

  Relative Method

  $964,656

  Geo Method

  $964,656

• Alternative Use

  Use

  Valuation

  Residential

  $1,578,326

  Hospitality

  $1,445,738

  Educational

  $1,202,837

  Medical

  $1,244,205

  Retail

  $1,871,080

Location Insight

City

Woodbury

County

Washington

State

Minnesota

Latitude

44.9377

Longitude

-92.9384

CBSA code

33460

CBSA name

MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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