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July 24, 2021

Retail/Shopping Center For Sale in Edina, Minnesota

Property # 1178748 Available $28,575,000.00

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   Property Information

Property Sub-TypeFreestanding
Other Retailn.a.
Property NameRH | Minneapolis-1031-DST
Property Address 16801 France Ave S
Property Address 2n.a.
Property Town/CityEdina
Property CountyHennepin
Property StateMinnesota
Property ZIP/Postal Code 55435
MLS #29-028-24-33-0027
Current UseVacant/Owner-Used
Building Sq. Ft.58,000
Gross Leasable Sq. Ft.58,000
No. Floors3
Lot Size Acres2
Lot Frontage Ft.n.a.
Lot Depth Ft.n.a.
No. Parking Spaces33
Year Built2019
Year Last Renovatedn.a.
Construction Typen.a.
Property Description A 1031 | DST Investment Opportunity Suitable for Multiple 1031 Exchange Investors
Opportunity to Capture Significant Bonus Depreciation
Loan to Value Ratio: 58%
Anticipated First Year Cash on Cash: 6.00%
Anticipated Investment Holding Period: 10+ years.
Area DescriptionProperty is situated at the "main & main" corner and entrance to Southdale Center, a super-regional mall, and is immediately across the street from The Galleria of Edina, a shopping center that features a collection of the worlds finest luxury brands, restaurants, and a Westin Hotel & Residence.

   Financial Information

Sales Price $$28,575,000.00
Gross Revenue $n.a.
Total Expenses $n.a.
Taxes $n.a.
Net Operating Income $n.a.
Cap Rate4.90%
Occupancy Rate100.00%
Price Per Leasable Sq. Ft. $n.a.
Year Ending2040
1031 Exchange?Yes
Financing/Terms$50,000 Minimum Equity Investment
Flagship Store
Marquee Location
Absolute NNN (No Landlord Responsibilities)
Creditworthy Tenant
NYSE: RH Market Cap +/-$6 Billion (08.07.2020)
Lease Term: 20 Years
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   Major Tenants

Tenant #1n.a.
Sq. Ft. #1n.a.
Lease Ends #1n.a.
Tenant #2n.a.
Sq. Ft. #2n.a.
Lease Ends #2n.a.
Tenant #3n.a.
Sq. Ft. #3n.a.
Lease Ends #3n.a.
Tenant #4n.a.
Sq. Ft. #4n.a.
Lease Ends #4n.a.
Tenant #5n.a.
Sq. Ft. #5n.a.
Lease Ends #5n.a.

This information has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied, as to the accuracy of the information.
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