17741-17823 Kenwood Trl | Lakeville, MN 55044
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17741-17823 Kenwood Trl
Lakeville, MN 55044
Kenwood Center · Retail Property For Sale
Investment Highlights
- UNIQUE AND STRONG TENANT MIX - Tenants at Kenwood Center include retail, office, and medical services, including dental and eye care.
- STRONG DEMOGRAPHICS - Over 58% of the local population earns over $100,000 annually, with over 30% earning more than $150,000.
- LOW OPERATING EXPENSES - Property taxes and CAM figures (2022 estimate is $6.40/SF) are significantly lower than retail centers in the area.
- LONG TERM LEASES IN PLACE - Kenwood Center has a weighted average lease term of 4.35 years, providing the investor with long-term income.
- VALUE-ADD OPPORTUNITY - There are currently two well positioned vacancies available at Kenwood Center that total 4,654 contiguous square feet.
- OUTSTANDING LOCATION - Kenwood Center offers exceptional visibility along Kenwood Trail, which sees 25,000+ VPD. Quick and easy access to I-35.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
37,266 SF
Building Class
B
Year Built
1985
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.24
Lot Size
3.59 AC
Zoning
Commercial - Retail / Office / Medical
Parking
165 Spaces (4.43 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 22-11875-03-040 | Improvements Assessment | $2,799,300 |
| Land Assessment | $1,879,200 | Total Assessment | $4,678,500 |
PROPERTY TAXES
Parcel Number
22-11875-03-040
Land Assessment
$1,879,200
Improvements Assessment
$2,799,300
Total Assessment
$4,678,500
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