Grand Ave Shops

1668-1670 Grand Avenue, Saint Paul, MN

$1,575,000

Price

6.27%

Cap Rate

$98,730

NOI

Gallery
Street
Map
Overview
Cap Rate
6.27%
NOI
$98,730
Building Size
6,307 sqft
Year Built
1926
Year Last Renovated
2006
Description

CBRE is please to present the opportunity to acquire Grand Ave Shops (the “Property”), situated on Grand Avenue, is home to a shopping destination in the heart of St. Paul. Located 5 miles from the bustling downtown of Minnesota’s capital city, and blocks away from Summit Ave., one of the most prestigious neighborhoods in Minnesota.

The property is ideally located in between Fairview and Snelling Avenue, and shares the block with Macalester College. Surrounding the Property are six (6) major colleges and universities (Macalester College, St. Thomas University, St. Catherine’s University, Concordia University, Hamline University and Mitchell Hamline School of Law) with a student population of over 20,000.

Highlights
  • Affluent Urban Infill Neighborhood Surrounded by Multiple Universities
  • Excellent Historical Occupancy
  • Future NOI Growth Based on Lease Flexibility
  • Premiere Retail Location in the Trade Area
  • Excellent Tenant and Space Mix
  • Close Proximity to Six Universities
Documents
Title
Grand_Ave_Shops_-_OM.pdf
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Location
Gallery