SEEKING MULTIFAMILY EQUITY INVESTOR
WALKABLE RETAIL
The site is walkable to the following retailers: Target, Home Depot, Cafe Zupas, Five Guys, Caribou Coffee, Chipotle, Sprint and more.
PROXIMITY TO GREEN SPACE
Taft Park (42 acres) and Veteran’s Memorial Park (106 acres) are within a few blocks of the development, including a lake walk, bike paths, baseball fields, soccer fields, outdoor and indoor hockey rinks, and playground equipment.
HIGHWAY ACCESS
Adjacent to Highway 77/Cedar Avenue which heads north to Minneapolis and south directly to the Mall of America in Bloomington. East/west access is just north of the site on Highway 62, the main thoroughfare just south of Minneapolis/St. Paul.
GROWING POPULATION
Richfield consistently tops lists of places to buy a home and live as a young professional, including #1 on Star Tribune’s Housing Index in 2018.
SUSTAINABLE PER SQUARE FOOT RENTS
Compared to other first ring western suburbs and Minneapolis/St. Paul, the per square foot rents are lower and first ring suburban new development lease-up has been comparatively quicker than other submarkets.
