Click here to complete the Confidentiality Agreement
PROPERTY INFORMATION
Address: 401-411 West Burnsville Parkway, Burnsville, MN 55337
Occupancy: 100%
Building Size: 8,852 SF
FINANCIAL SUMMARY
Price: $1,635,000
Price PSF: $185
In-Place NOI: $117,661
INVESTMENT HIGHLIGHTS
100% Occupied
Parkway Plaza is 100% occupied by daily needs tenants. Restaurant, health care, hair care, coffee and dry cleaning are retail uses that can’t be replaced by online sources.
Below Market Rent
The average per square foot rent is just $13.29 PSF, compared to the average rent in the southeast retail market of $16 PSF.
Durable Rent Roll
Five of the six tenants renewed their lease in 2016 or 2017, demonstrating the tenants commitment to the Property.
Curb Appeal & Signage
The property and tenants benefit from colorful awnings that highlight tenant spaces, a monument sign along Burnsville Parkway and a reader board sign.
Strong Property Fundamentals
Easy access with two curb-cuts from Burnsville Parkway, abundant parking (5.4/1,000), desired bay depths (less than 65 feet), with spaces ranging in size from 1,200 to 1,750 square feet. These property fundamentals stand the test of time and make Parkway Plaza a desirable long-term investment.
Debt Free
The Property is being delivered free and clear of existing debt, allowing investors to size their loan to fit their need and take advantage of historically low interest rates.
Click here to complete the Confidentiality Agreement
- Property Type
Office
- Submarket
- Year Built
1988
- Total Acres
0.2
- Property ID
1369654
