6436-6440 Lyndale Ave S - Freestanding FOR SALE


Richfield, MN 55423
$3,890,767 USD
6436-6440 Lyndale Ave S, Richfield, MN for Sale
$3,890,767 USD
Freestanding - FOR SALE
1/2
null | 6.5% Cap Rate

6436-6440 Lyndale Ave S
Richfield, MN 55423


HIGHLIGHTS

  • 100% Leased
  • Street level building of 9,183 sf including adjacent parking and outdoor pet relief area, leased to established full service vet clinic
  • Located along the Lyndale Avenue corridor with easy access to Highway 62 and I-494
  • Complete exterior and interior remodel completed in 2022 including a new roof, mechanicals and rooftop solar array.
  • Guarantor National Veterinary Associates, Inc. is a private-owned, global pet care organization with over 1,400 locations
  • *Financials on the tenant and guarantor are not available from the private equity owned www.nva.com.

OVERVIEW

Colliers is pleased to exclusively offer for sale a free-standing, single tenant retail building that is NNN leased to NVA Woodlake Management Inc., a Minnesota corporation and guaranteed by National Veterinary Associates, Inc. through January 31,2029 and then limited to an amount of three years of Base Rent thereafter. The property is positioned south of the Highway 62 and Lyndale Avenue South interchange at 6436 Lyndale Avenue South in Richfield, Minnesota. The building sits in-between the successful Lakewinds Food Co-Op and the City of Richfield municipal liquor store. It is 100% leased to the vet clinic which has been at this location since 2010 and expanded from 2,739 sf to the full building of 9,183 sf of street level retail clinic space in 2023.

FOR SALE DETAILS

PRICE

$3,890,767 USD

PRICE/SF

$478 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

C2

APN/PARCEL ID

27-028-24-23-0084,27-028-24-23-0085,27-028-24-23-0086

ASK ABOUT THIS PROPERTY

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

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