Mahtomedi, MN - Minnesota Center
$3,577,000
3124-3156 Century Ave N, Pine Springs, MN 55115
9
Cap Rate
321,972
NOI
Details:
Description:
SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a 19,817 SF, 100% leased strip center located in Mahtomedi, Minnesota. The tenant mix includes retail, restaurant, and service users, all with fixed rental rate increases throughout their terms—steadily growing NOI and providing a hedge against inflation. Several tenants, including Mahtomedi Liquor, Real Estate Holdings, and QC Pizza, have extension options. All tenants operate under NNN leases, reimbursing their pro rata share of operating expenses and minimizing landlord expense leakage.
Minnesota Center is located at the signalized hard-corner intersection of Century Ave N / County Line Rd and Long Lake Rd, with a combined 17,800 VPD. Century Ave provides a direct connection to Interstate 694 just south of the property, enhancing visibility and access. The property is adjacent to Century College (8,000 students) and less than one mile from a Walgreens and ALDI-anchored center, supporting local demand and tenant synergy. Minnesota Center is also less than two miles from Maplewood Mall, featuring Kohl’s, JCPenney, and more, as well as M Health Fairview St. John’s Hospital (184 beds). The 5-mile trade area includes a population of more than 150,000 and an average household income of $121,028.
Location
Gallery
