St Louis Park, MN Retail Property For Sale

- Located right off 394 & Wayzata Blvd.

- 16,502sqft building with 2 tenants (retail, office,

warehouse)

- Loading Dock

- 25 parking space

- Large Windows

- Huge visibility right off 394

- Zoning C2

• Size: 1,490 Rentable Square Feet

• Asking Price: $625,000

• CAP Rate: 7.1%

• Year Built: 2007

• Tenant has occupied 100% of premises since November 2010

• NOI: $29.94 PSF Net ($44,611.68 annual) w/3% annual increases

• Additional Rent/CAM: Tenant pays HOA ($458 per month) and Property Taxes

($682 per month)

• NNN Lease: Tenant pays all repair/replacement costs

• Current Lease Expires: 11/24/2025

• Renewal Option: Tenant has one 5-year renewal option, which must be exercised

by 12/31/24

• Tenant: Bubbly Paws; Use: pet bathing & grooming business

• Condo is on the ground fl oor of a multi-story, high-density residential complex

consisting of 600+ condo and apartment units

• Tenant has expanded into 16 locations throughout the US (they’re

in CA, FL, ID, MN, NC, NJ, NY, SC, TX)

• This is Tenant’s fl agship store (w/3 additional Twin Cities locations)

• Ample off -street parking; Located within a couple blocks of Starbucks, CVS,

Trader Joe’s, McCoy’s Public House, The Hair District Collective

A highly desirable commercial property, perfectly suited for an owner-occupier. This elegant building boasts a generous floor space spread across multiple levels, with the top floor currently hosting the owner who is open to a lease back option. With the added income from the reliable tenant occupying the top floor, this property offers a unique

and promising opportunity for an investor seeking both an office location and a consistent revenue stream or an owner occupier looking to have extra income coming in.

• Newly updated building exterior

• Located right off of highway 394 and near 100 exits

• Good street and highway visibility

• Newly remodeled entry way and common bathrooms.

• Existing tenant on the top floor.