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8144 Coller Way 8144 Coller Way

7,455 SF 100% Leased Retail Building Woodbury, MN 55125 £1,799,112 (£241/SF) 7.25% Net Initial Yield

Investment Highlights

  • This retail center includes The Good Feet Store, Palm Beach Tan, JK Nails & Head Spa, Tii Cup bringing it to 100% leased.
  • Properties in the nearby area include Whole Foods, The Home Depot, Nordstrom Rack, PetSmart, Bed Bath & Beyond, Dick’s Sporting Goods, and more.
  • Woodbury was voted #14 this year on Fortune’s Top 25 Places To Live For Families and was voted #9 in 2020 on Money Magazine Best Place To Live.
  • This property is well located adjacent to Tamarack Village, one of the Twin Cities most successful shopping centers for daily needs.
  • Affluent area with strong demographics with a population of 159,317 and average household income of $132,737 within a 5-mile radius.

Executive Summary

Operating Expenses including 2023 taxes and insurance budget $83,850.20. Passed through to tenants (see leases.)
Also, see leases for Landlord repair / replacement responsibilities.
Rent Roll to be provided with a signed Confidentiality Agreement.

Attachments

CoStar MP

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
7,455 SF
Building Class
B
Year Built
1998
Price
£1,799,112
Price Per SF
£241
Net Initial Yield
7.25%
NOI
£130,436
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.16
Land Acres
1.04 AC
Zoning
B3 - General Business
Frontage
69 ft on Tamarack Rd

Amenities

  • Signage
  • Signalised Intersection

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • JK Nails and Head Spa
  • -
  • -
  • -
  • -
  • Palm Beach Tan
  • -
  • -
  • -
  • -
  • The Good Feet Store
  • -
  • -
  • -
  • -
  • Tii Cup
  • -
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
JK Nails and Head Spa - - - -
Palm Beach Tan - - - -
The Good Feet Store - - - -
Tii Cup - - - -

Nearby Major Retailers

Corepower Yoga
ALDI
Life Time Fitness
Cub Foods
Huntington National Bank
WW
Stretch Lab
Pei Wei
Bank of America
Cafe Zupas

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04-028-21-34-0008
Land Assessment
£532,693
Improvements Assessment
£1,500,184
Total Assessment
£2,032,877
  • Listing ID: 31289760

  • Date on Market: 07/09/2023

  • Last Updated:

  • Address: 8144 Coller Way, Woodbury, MN 55125

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