Northdale Plaza is a three-building medical-office

complex located off Highway 101 in Rodgers, MN.

The center is situated on 5.2-acres with 35,340 SF of

rentable area.

INVESTMENT OFFERING

In-Place NOI $392,013

Asking Price Offered without a list price

Taxes $4.56

CAM & Insurance $2.73

Management Fee $0.77

Total Expenses - 2017 Budget

$8.06

Excellent Visibility and Access – tenants benefit from exposure to over 42,000 VPD on Hwy 101 and convenient access via new interchange at 141st and Hwy 101.

Free and Clear Offering – Northdale Plaza is offered free and clear of any existing debt; enabling an investor seeking to leverage the acquisition to take advantage of attractive debt opportunities currently available.

Strong Existing Tenant Base – With lease term remaining including Fairview Health Services, Children’s MN, and Autism Matters.

Versatile Product Category – Northdale Plaza is designed to fit a wide array of tenant categories including office, service, healthcare, industrial and retail.

INVESTMENT HIGHLIGHTS

© 2018 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

NORTHDALE PLAZA 14000, 13980, 14040 Northdale Blvd | Rogers, Minnesota

N

14040NORTHDALE

BLVD

14000NORTHDALE

BLVD 13980NORTHDALE

BLVDHIGHWAY 101 42,000 VPD

HIGHWAY 101 42,000 VPD

ROGERS OVERVIEWLocated on the northwest outskirts of the MSA, centrally located between Minneapolis and Albertville. Rogers is a prime location, within minutes from Interstate 94, allowing convenient access to markets in St. Cloud (42 miles) and Minneapolis (24 miles). Rogers started as a farming community and has transformed into a prominent metro suburb. Nevertheless, it is still embracing a “small town feel” with safe and quiet neighborhoods. There are many business offices, bustling shopping centers, and large industrial footprints generating city and job growth throughout the Rogers community.

MARKET OVERVIEWThe Minneapolis/St. Paul market is comprised of over 61 million square feet of retail space. After posting a negative net absorption number in Q1 2017, the Minneapolis/St. Paul retail market bounced back with an end of year total of 1.1 million square feet of positive absorption. The market posted lower quarter-over-quarter availability rates and asking rates continued to decline. For the first time in four quarters, the market has lower quarter-over-quarter vacancy rates.

ROGERS, MN

CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.

© 2018 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Jim Leary, CCIMSenior Vice President+1 952 924 4601Jim.Leary@cbre.com

James PolkAssociate+1 612 336 4254James.Polk@cbre.com

Jake CostelloMarket Research+1 612 336 4255Jake.Costello@cbre.com

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