6501 RICHFIELD PARKWAY - RICHFIELD, MN
Listing was updated at: 06/03/2019
Property Overview
Price/Rent PSF $ 3,150,000.00
Asset Type Investment
Trade Type Sale
SQ. FT. Available 4,500
Date Available 05/25/2018
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Description

Prime Retail Location:
Strategically located in Super Target & Home
Depot anchored shopping center and located
within two miles of Mall of America and IKEA.
Also, directly adjacent to Minneapolis/St. Paul Int. Airport.

Deposits at this location put this site in the top 16% of all TCF Bank locations:
TCF Bank is a Wayzata, Minnesota-based national bank holding company. As of March 31, 2018, TCF Bank had $23.4 billion in total assets and 318 bank branches reaching as far west as Arizona.

Affluent Demographics:
The area has a five-mile population of 322,000
and an average household income of over $101,000 within five-miles.

High Traffic Location:
Impressive traffic counts in excess of 65,000 cars per day along Highway 77 interchange.

Rental Increases & Options:
10% rent escalations every five-years, next bump scheduled for Nov. 2022. Four 5-year options with 10% rental bumps.

Ground Lease NNN:
No landlord responsibilities; long term ground lease.

See attached brochure for more!

Location