Asking Price
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 1982
Building Area
Number of units 9

Property Description

JLL has been retained on an exclusive basis to offer qualified investors the opportunity to acquire Ridgehaven Shopping Center (the “Property” or the “Offering”) – a 140,418 square foot asset anchored by a high performing Lunds & Byerlys that has over 15 years of remaining lease term. Lunds & Byerlys is complemented by Barnes & Noble, Ulta and shadow anchor Target, which leases a 16,240 SF, specifically built-out storage & refrigeration space at Ridgehaven, and which saw over 1.4 Million visitors in the last 12 months.


The center is located in the affluent Minneapolis suburb of Minnetonka, MN, and benefits from a dependable consumer base which has household incomes in excess of $125,000. Ridgehaven Shopping Center is positioned in the heart of the Wayzata Boulevard shopping corridor, which is anchored by regionally dominant Ridgedale Mall, home to 1 of the states two Nordstrom locations, and is located approximately 8 miles west of downtown Minneapolis.


Ridgehaven Shopping Center is a generational asset that offers investors the rare opportunity to acquire a core retail asset in an irreplaceable location with significant income security that supports long term tenant performance, retention, and rental rate appreciation.

Investment Highlights

Data Team Default
Last Updated Date: 06 Jul 2021
Amy Sands
Amy Sands
Managing Director, Capital Markets
License details
IL-475.138622
Clinton Mitchell
Clinton Mitchell
Managing Director, Capital Markets
License details
IL-475.160470 NE-20150925

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Last Updated Date: 06 Jul 2021

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