Asking Price
Area Size
NOI Net Operating Income
NIY

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1968
Building Area Gross
Occupancy 100.0 %

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the fee-simple interest in Crosscreek Shoppes, a multi-tenant retail property located in Wayzata, just minutes from downtown Minneapolis. The property is situated in close proximity to the famous Lake Minnetonka in a retail and tourism hotspot. The investment benefits from being on a high-traffic corner in an extremely affluent part of the Twin Cities metro. 

Investment Highlights

LOCATED ON THE SHORES OF THE FAMOUS LAKE MINNETONKA

• Immediately behind the property is Lake Minnetonka, the most popular recreational lake in Minnesota

• Lake Minnetonka attracts both residents and tourists for activities such as boating and swimming in the summer and ice skating and snowmobiling in the winter

 DENSE & AFFLUENT DEMOGRAPHICS

• The average household income within a 3-mile radius is an impressive $165,000 with over $100,000 in average disposable income

• The area around Lake Minnetonka is highly demanded, so affluent residents and visitors abound

 DIVERSIFIED TENANT BASE

• Mainly consisting of retail tenants, the rent roll also includes a residential space and office spaces

• This diverse tenant base reduces risk by exposing the investment to a variety of sectors

 RETAIL & TOURISM CORRIDOR

• The property is located directly on Lake St, an iconic shopping and tourism corridor in Wayzata

• In addition to being in a retail hotspot, the property is also within walking distance of the Wayzata Yacht Club and Wayzata Beach

 EASILY ACCESSIBLE FROM US HIGHWAY 12

• The building is located less than a mile from US-12 (60,000 VPD)

• US-12 is a primary thoroughfare linking the Twin Cities to the western suburbs

 TWIN CITIES METROPOLITAN SUPPORT

• The property is located within the Minneapolis-St. Paul MSA just 20 minutes from Minneapolis' CBD

• The site benefits from its proximity to the metro without having increases costs associated with downtown prices

Last Updated Date: 18 Aug 2022

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Last Updated Date: 18 Aug 2022

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