Naples Marketplace | 3453 Lake Dr
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Naples Marketplace 3453 Lake Dr
13,819 SF 100% Leased Retail Building Blaine, MN 55014 $3,200,000 ($232/SF) 7.24% Cap Rate
Executive Summary
Retail Center for sale in Blaine
100% occupancy
7 tenants most long term, all NNN
Rent from outlots including Caribou Lodge and Kwik Trip
NOI $231,494
13,722 total sf on 2.14 acres built in 2006
Signage, access and visibility to Lake Drive.
Less than 1 mile east of I-35W
100% occupancy
7 tenants most long term, all NNN
Rent from outlots including Caribou Lodge and Kwik Trip
NOI $231,494
13,722 total sf on 2.14 acres built in 2006
Signage, access and visibility to Lake Drive.
Less than 1 mile east of I-35W
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
13,819 SF
Building Class
B
Year Built
2006
Price
$3,200,000
Price Per SF
$232
Cap Rate
7.24%
NOI
$231,722
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
2.13 AC
Zoning
B-2
Parking
162 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 35-31-23-32-0026 | Improvements Assessment | $1,530,700 |
| Land Assessment | $876,000 | Total Assessment | $2,406,700 |
PROPERTY TAXES
Parcel Number
35-31-23-32-0026
Land Assessment
$876,000
Improvements Assessment
$1,530,700
Total Assessment
$2,406,700
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Naples Marketplace | 3453 Lake Dr
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