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1960 Cliff Lake Rd
Eagan, MN 55122

Cliff Lake Centre · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
74,182 SF
Building Class
B
Year Built
1988
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
14.84 AC
Zoning
Commercial - Commercial
Parking
400 Spaces (5.25 Spaces per 1,000 SF Leased)
Frontage
1,470 FT on Cliff Lake Road

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

PROPERTY TAXES

Parcel Number
10-17780-01-020
Land Assessment
$3,998,500
Improvements Assessment
$5,425,900
Total Assessment
$9,424,400
  • Listing ID: 6201135

  • Date on Market: 3/9/2017

  • Last Updated:

  • Address: 1960 Cliff Lake Rd, Eagan, MN 55122

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