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- LoopNet Team
1960 Cliff Lake Rd
Eagan, MN 55122
Cliff Lake Centre · Retail Property For Sale
PROPERTY FACTS
Amenities
- Pylon Sign
- Signage
About 1960 Cliff Lake Rd , Eagan, MN 55122
Traffic Generating Shadow Anchors Cub Foods and Target represent the market' s top grocery store and discount retailer driving tremendous traffic flow to the Property. In addition, the Property is across Cliff Lake Road from the community' s only theatre, Regal Cinemas Eagan 16, further enticing customers to the Property. Future Rent Growth The average net rent at the Property is $14.59 PSF which is 20% lower than what other similar tenants are paying in the immediate area allowing an investor to raise rents as leases roll. Stable Rent Roll 47% of the Property' s tenants are either original or have been at the Property for 10+ years. Value Add Opportunity An investor can lease the remaining vacant space to increase the Property' s net operating income and the investor' s returns. Debt Free - Superior Returns The Property is offered free and clear of existing debt allowing investors to take advantage of the attractive debt markets. Our analysis reflects a 11.94% five (5) year average cash-on-cash return. Superior Location Located at the intersection of I-35E and Cliff Road, the combined average daily automobile traffic at the Property is 105,500. Top Trade Area The Eagan trade area is a "must locate" market for retailers seeking to enter Minnesota. Eagan is a desirable retail trade area due to the affluent and highly educated population.
PROPERTY TAXES
Parcel Number | 10-17780-01-020 | Improvements Assessment | $5,425,900 |
Land Assessment | $3,998,500 | Total Assessment | $9,424,400 |
PROPERTY TAXES
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Listing ID: 6201135
Date on Market: 3/9/2017
Last Updated:
Address: 1960 Cliff Lake Rd, Eagan, MN 55122
The Retail Property at 1960 Cliff Lake Rd, Eagan, MN 55122 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.