Roseville, MN Retail Property For Sale

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Retail for Sale

Roseville, MN 55113

Business for Sale-Dairy Queen/Orange Julius

-Excellent location near Theaters, Von-Maur, Lululemon,

Pacsun, AT&T & Food Court

-Established and stable - 20 years in the mall!

-Available only due to owner retirement

-New $100m proposed development just steps away

Retail for Sale

Roseville, MN 55113

Top Tier Trade Area - The subject property is located in one of the top retail trade areas in the Twin Cities, Roseville/ Rosedale. This trade area boasts historically low vacancy rates due to its proximity to both St Paul and Minneapolis and density of daytime and residential population. The property has a 139,156 daytime population and 107,408 residential population within three miles.

Internet Resistant Tenants - The tenants at the property are all “internet resistant” with each having a value proposition requiring patrons to visit their location. Co-working, banks, and tutoring are not as prone to sales losses due to internet retail as many other uses. The resiliency provides a strong consistency of cashflow for a buyer.

Visibility - The property sits along a frontage road to Highway 36, with over 88,000 vehicles per day. Storefront visibility is excellent as well as the newly remodeled pylon sign. This billboard location allows the site strong tenant demand for any future vacancies.

Long Term Leases - The property has a weighted average lease term of 7.7 years. These long lease terms, combined with strong operating histories of the tenants at the property allow a passive investment for a buyer.

Retail for Sale

Roseville, MN 55113

The business is still in operation, please be discreet and schedule all tours through listing brokers.

23,141 SF on 2.38 Acres Restaurant/Banquet Center or Redevelopment Opportunity

Highlights and Features:

PID: 04.29.23.41.0041

Zoning: CB Community Business District

Uses include retail and service use, shopping center, freestanding business, mixed-use building with upper-story residential uses

Existing restaurant building tear down for redevelopment

Second generation restaurant built in 1986

Lower level includes a reception area, banquet room, meeting room, prep room, mechanical room, and restrooms

Main level includes a commercial kitchen, bar area, restaurant area, game room, and restrooms

Second level includes a dining area, meeting room, prep area and restroom

Space function is enhanced by a stairwell, freight elevator and passenger elevator throughout

Across from Northwestern Campus

Direct access to Snelling Avenue

Easy access to I-694 and Hwy 36

Close proximity to Rosedale Mall, Crossroads of Roseville, MN State Fairgrounds, MN United Stadium

Close to downtown Minneapolis and St. Paul

Area tenants: Northwest College, Scandinavian Designs, Pizza Luce, Midway Ford, Tires Plus, AT & T, Caribou Coffee, Walgreens, Jiffy Lube, Holiday Station, Osaka Sushi & Hibachi, Plato's Closet, JUUT Salon, Jimmy John's, Office Depot, Lunds & Byerly's, Fast Signs, Bridging MN, Fireside Hearth & Home, The Tile Shop, Affinity Plus, Country Inn & Suites, Khan's Mongolian Barbeque, Olive Garden and more

Demographics and Traffic Counts:

2018 Average Household Population: 1 mile - 8,738, 3 miles - 78,441 and 5 miles - 284,701

2018 Average Household Income: 1 mile - $89,344, 3 miles - $92,694 and 5 miles - $79,783

30,500 vpd on Snelling Avenue - 96,000 vpd on Hwy 36 and 18,000 vpd on County Road

Available For Redevelopment: 2.38 acres (103,673 sf)

2020 Tax: $119,050.00

Sale Price: $3,400,000.00

Available For Sale: 23,141 sf

Lower Level: 10,082 sf

Main Level: 10,811 sf

Second Level: 2,248 sf

2019 Tax: $107,308.00

Sale Price: $3,400,000.00

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