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- LoopNet Team
14200 Wayzata Blvd
Minnetonka, MN 55305
Ridgedale Festival Center · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
ABOUT 14200 WAYZATA BLVD , MINNETONKA, MN 55305
Ridgedale Festival Center is a regional shopping center anchored by Hobby Lobby and Total Wine, and features an attractive line-up of regional and national tenants including Pure Hockey, Men’s Wearhouse, Once Upon a Child, and Jimmy John’s amongst others. Hobby Lobby is under construction and expected to open fall 2019. Total Wine and Hobby Lobby combine to total 63% of the gross income and 73% of the GLA. A buyer could add approximately $120,000 of gross income by leasing up 3,142 square feet of shop space. There is also upside in stabilizing the Clothes Mentor unit which is currently paying percentage rent in lieu of base rent.
PROPERTY TAXES
| Parcel Number | 03-117-22-23-0001 | Improvements Assessment | $12,481,000 |
| Land Assessment | $9,223,000 | Total Assessment | $21,704,000 |
PROPERTY TAXES
