Retail Business for Sale in Roseville, MN

  • Price: $5.7M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Roseville, MN 55113
  • Size: 34,624 SF

Description

Newmark is pleased to present the opportunity to acquire the 100% fee simple interest in 2575 Fairview Avenue North, Roseville, MN (the “Property”), a 100% occupied, Petco anchored 34,624 square foot multi-tenant retail property located just north of Rosedale Center, the epicenter of the 17.5 million square foot Rosedale Trade Area. The Rosedale Trade Area is the #1 ranked retail submarket in the Minneapolis-St. Paul metropolitan area and produces approximately $4.71b in total goods and services expenditure annually. The Property is occupied by six (6) tenants with a weighted average tenure of 26 years, led by Petco, which is approximately 50% of the net rentable area and has been a tenant since 1991 (35 years). The Property is situated on 2.71 acres and features approximately 150 parking spaces, a 4.3:1,000 ratio. Notable nearby retailers include Von Maur, Target, Macy’s, Marshall’s, Best Buy, Kohl’s, Home Goods, REI, Restoration Hardware Outlet, Sierra Trading and Total Wine, among many others.

Market Context

This retail in Roseville, MN is listed for sale at $5,650,000 across 34,624 SF. It has been on the market for 5 days. Compare it against other retail listings for sale in Roseville, MN — <a href="/search/sale/retail/minnesota/roseville">view the full market</a>.

As of Q3 2023, the Sacramento retail market showed average asking rents near $17.68/SF/yr, and cap rates around 6.2%. Source: Consensus Q3 2023 market report.

Retail market FAQ

What is the typical cap rate for retail in Sacramento?
About 6.2% as of Q3 2023, per Consensus.

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