Village at Little Canada

Highlights:

• This Class A mixed-used building is truly one of a kind in this submarket, which has a very limited supply of buildings of this quality.
• Located at the intersection of Rice Street and Little Canada Road, the property offers monument signage along Rice Street and building facade signage along Little Canada Road.
• This asset presents an excellent opportunity for a potential owner-user or owneroccupant looking to acquire a new property. In addition, there is great upside potential for an investor who can grow the NOI and cash flow through lease-up.
• A future owner can acquire the property at a very attractive basis that is well below the estimated replacement cost for a building of this stature. Commercial construction costs have consistently continued to rise, providing a new owner with a clear advantage over new developments.
• Constructed in 2006, the building is still owned and managed by the original Developer.
• Within the building there is a Jimmy John’s and a wellness cafe. Also, there are numerous local staples and chain dining options, such as Culver’s, McDonald’s, Subway, Arby’s, Dunkin’ and many more, within a 1-mile radius.

Description:

Little Canada is situated northeast of downtown St. Paul at the intersection of 694 and 35E, two of the state’s most popular highways. Known for its dominant French Canadian history, Little Canada has maintained its heritage and small-town feel despite its proximity to the state’s largest metropolitan areas of St. Paul and Minneapolis. Its desirable location makes it seamless for residents who call Little Canada home to commute throughout the greater Twin Cities and is easily accessible for customers and employees who work in the area.

With a population of just over 10,000 people and a balanced mix of local and chain businesses, Little Canada offers residents a strong sense of community while offering numerous dining, shopping, and entertainment options. In addition, Little Canada has an abundance of green spaces due to its vast amount of parks, trails, and public peaches, promoting a healthy and well-rounded lifestyle.

The town of Little Canada is divided between the Roseville and White Bear Lake School Districts, both of which are established and well-known K-12 districts in the Twin Cities. Also, less than 5-miles away are two of the state’s Top-Ranked Private Universities: Bethel University and the University of Nortwestern-St. Paul.

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