1240-1570 Frontage Rd W - Storefront FOR SALE


Stillwater, MN 55082- Washington Far Eastern Suburbs
$9,850,000 USD
786-522-7013
1240-1570 Frontage Rd W, Stillwater, MN for Sale
$9,850,000 USD
Storefront - FOR SALE
1/4
null | 7.33% Cap Rate

1240-1570 Frontage Rd W
Stillwater, MN 55082
Washington Far Eastern Suburbs


HIGHLIGHTS

  • Office Max & Anytime Fitness Anchored Shopping Center
  • High Visibility, Prime Retail Property with a Service-Based Tenant Base
  • 27.7 Miles from Minneapolis St. Paul International Airport – One of the Region’s Major Travel Hubs
  • The Dairy Queen Outparcel, which is Not Included in the Offering, is Ranked Top 22% Nationwide and Top 12% in The State of Minnesota per Placer. Ai
  • Additional 16,629+ VPD on Northwestern Ave, W Frontage Rd, and International Blvd
  • The Entire Center Received a New Roof Installation Six Months Ago, with the Exception of Office Max, Minimizing Immediate Capital Expenditures

OVERVIEW

Marcus & Millichap is pleased to present for sale The Valley Ridge Shopping Center, a prime multi-tenant shopping center anchored by Office Max and Anytime Fitness, located along MN-36 just 27.7 miles from Minneapolis-St. Paul International Airport. The center is comprised of 85,513 square feet of Gross Leasable Area (GLA) on a 8.32-acre site, offering ample space for future expansion or redevelopment. Situated in an affluent area with an average household income of $147,747 within a 5-mile radius, the site has excellent visibility and traffic, with over 36,989+ vehicles per day (VPD). Recent improvements include a new roof installed six months ago across most of the center, minimizing capital expenditure. With substantial upside potential through vacant space and eight lease rollovers within the next 1-3 years, Valley Ridge Shopping Center offers a significant value add opportunity for investors to increase cash flow and lease-up available space. The property’s strategic location, strong consumer base, and potential for future growth in the thriving Stillwater community. The Dairy (Not Included) Ranks Amongst the top 22 percent nationwide and top 12 percent in the state as per Placer. Ai , highlighting the high traffic volume that is seen at the center. Stillwater, Minnesota, is experiencing significant growth in both retail and residential development. Key projects include the Central Commons Development, which will feature a Hy-Vee grocery store, a convenience store, and a 200-unit apartment complex. The Stillwater Commons Office Building offers new office and retail spaces, while the newly completed Chestnut Street Plaza enhances downtown’s walkability. Additionally, Rivertown Commons was acquired for affordable senior housing, and the local culinary scene is thriving with new establishments like Xela’s by El Sazon. These developments highlight Stillwater’s commitment to enhancing its retail and residential offerings, making it an appealing location for both residents and investors. Highlight Stillwater’s commitment to enhancing its retail and residential offerings, making it an appealing location for both residents and investors.

FOR SALE DETAILS

PRICE

$9,850,000 USD

PRICE/SF

$120 USD /SF

CAP RATE

7.33%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Valley Ridge Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

446

LAND DETAILS

LAND ACRES

8.32 AC

LAND SF

362,419 SF

ZONING

Commercial

APN/PARCEL ID

32-030-20-44-0017,32-030-20-44-0018,32-030-20-44-0025

ASK ABOUT THIS PROPERTY

Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

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Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.