Woodbury Business plaza

Highlights:

• VALUE-ADD RETAIL OPPORTUNITY: Property is a rare value-add retail opportunity in Woodbury, MN. Current 80% occupied with 7 established tenants.
• FUTURE INCOME AND RENT GROWTH: Future income growth through lease up and rent growth on below market rents
• PREMIERE LOCATION AND ACCESS INTERSTATE: Premiere location in Woodbury with direct visibility to I-94.
• SITUATED WELL-BELOW REPLACEMENT COST: Property is well below replacement cost.
• NEARBY AMENITIES AND BIG-BOX RETAILERS: Located close to the highly anticipated opening of Top Golf.
• NEW BRIDGE ACCESS AND TRAFFIC FLOW: The property is also adjacent to the newly opened Bielenberg Bridge allowing for increased access points to the property.

Description:

CBRE is pleased to exclusively present the opportunity to acquire The Woodbury Business Plaza (The “Property). The property features just over 32,000 square feet of prime retail or office showroom space in the highly desirable submarket of Woodbury, MN. The center is located in a premiere position in the market with direct visibility to Interstate 94 featuring 110,250+ cars per day allowing for maximum marketing exposure for the tenants. An investor has an excellent opportunity to acquire a premiere property with future upside potential as the it currently has 20% of the building for lease. In addition a new owner will be acquiring the buildings significantly below replacement cost and be able to grow rents as they are currently at or below market.

Woodbury, Minnesota, is a vibrant and thriving community attracting families and businesses alike. Boasting a population of over 75,000 and experiencing steady growth, Woodbury offers a desirable lifestyle with a high median household income, reflecting a strong and stable economy. The city is a retail powerhouse, with expansive shopping centers and a diverse array of dining options that cater to every taste. Its excellent schools, abundant parks, and a commitment to community development make Woodbury an ideal place to live, work, and raise a family. With a demographic mix that's both diverse and affluent, Woodbury presents a compelling market for businesses looking to tap into a prosperous and engaged consumer base.