for sale 610 zane shopping center - loopnet
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Accelerating success.
Quality construction warranties from award winning, national construction company Ryan Companies US, Inc. Hy-Vee anchors the development on the Minneapolis side of the intersection. Tenants Chipotle (NYSE: CMG), with drive thru access, and Heartland Dental (875+ locations) anchor 610 Zane Shopping Center. Tenant base is “internet proof”. With two food retailers and three service retailers, the center will see little competition from online retailers.
FOR SALE | 5901 94TH AVENUE NORTH | BROOKLYN PARK, MN
610 Zane Shopping Center
colliers.com/msp
Colliers International4350 Baker Road | Suite 400
Minnetonka, MN 55343P: +1 952 897 7700
Jeff BudishVice President+1 952 897 [email protected]
Ted Gonsior CCIMSenior Vice President+1 952 897 [email protected]
610 ZANE SHOPPING CENTER
Price $5,210,000
Year 1 NOI $320,419
Cap Rate 6.15%
Land Size 1.65 Acres
Building Size 9,260 SF
Occupancy 100%
Year Built 2019
FOR SALE | 5901 94TH AVENUE NORTH | BROOKLYN PARK, MN
Property HighlightsBEST IN CLASS CONSTRUCTIONQuality construction warranties from award winning national construction company Ryan Companies US, Inc.
HIGH GROWTH SUBMARKETThe extension of Highway 610 marked the last and only new highway con-struction planned for the Twin Cities for the next 20+ years, according to the 2040 Met Council Transportation Plan. This attests to the need to accom-modate growth along his corridor and is one of the last remaining ground up retail construction sites along a major highway in the metro.
PROMINENT ANCHOR TENANT AND LINEUPHy-Vee anchors the development on the Minneapolis side of the intersection. Head-to-head, Hy-Vee is outperforming Cub Foods in the Twin Cities and continuing to grow. Tenants Chipotle (NYSE: CMG), with drive thru access, and Heartland Dental (875+ locations) anchor 610 Zane Shopping Center and all tenants are at little risk from online competition.
FOOD & SERVICE ORIENTED TENANTSTenant base is “internet proof”. With two food retailers and three service retailers, the center will see little competition from online retailers.
AREA DEMOGRAPHICS
Current Population
83,868
Daytime Employment
67,520
Average Household Income
$92,225
Households Earning Over $100,000
35.3%
Daytime Employment
Higher Education
32.5%
Tra�c Counts
Traffic Counts
Hwy 610: 65,000 vpdZane Ave: 18,800 vpd
610 Zane Shopping Center
SITE
23.5 mi les | 25 minD o w n t o w n S t. P a u l
D o w n t o w n M i n n e a p o l i s13.5 mi les | 19 min
23 mi les | 35 min