Fridley, MN - Ashley Store Retail & Distribution

Description:

Largest Ashley Store In MN | Top Ranked Ashley Store In MN | Retail Store & Distribution Center Must Be Purchased Together with Rochester, MN Property | Contact Broker for Details SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased Ashley Furniture Store and Distribution Center located in Fridley, Minnesota, a suburb within the Minneapolis-St. Paul MSA. Ashley Furniture utilizes the property as both a retail showroom and regional distribution facility, serving as an important component of its operations throughout the Twin Cities region. The 242,586-square-foot facility is situated on approximately 11.28 acres and features functional industrial improvements including 23 dock-high doors, 32-foot clear heights, ample truck maneuverability, and multiple points of ingress and egress. The NNN lease structure minimizes landlord involvement while providing investors with stable cash flow characteristics from an established tenant occupant. This property is being offered exclusively as part of a two-property portfolio with the Rochester, MN property and must be purchased together.

The property is strategically positioned immediately adjacent to Interstate 694, which carries more than 136,200 vehicles per day, and benefits from direct access via E. River Road and Industrial Boulevard NE. The location provides efficient connectivity throughout the Minneapolis-St. Paul metropolitan area, one of the Midwest’s premier distribution and logistics hubs. The surrounding area is home to a diverse mix of industrial users, distribution facilities, manufacturers, and national retailers including Target, FedEx, Medtronic, Menards, The Home Depot, and numerous other regional employers. The asset is approximately 15 minutes from Downtown Minneapolis and is supported by more than 322,000 residents and 125,000 employees within a 5-mile radius. Strong transportation infrastructure, dense employment concentrations, and functional industrial specifications position the property as a strategically located distribution facility within the Minneapolis market.

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