Albertville Retail - Land For Sale Albertville Retail - Land 6600 Laketowne Place Albertville, MN 55301 Prepared By: IAG Commercial 222 South Ninth Street, Suite 1600 Minneapolis, MN 55402 Jeff LaFavre, CCIM, MCR, SIOR 612-868-7429 jlafavre@iagcommercial.com Brian Beeman 320-333-8782 bbeeman@iagcommercial.com All information furnished is from sources judged to be reliable, however, no guarantee is made as to its accuracy or completeness.
For Sale: Albertville Retail - Land 6600 Laketowne Place Albertville, MN 55301 Property Speci5ications Land Area: 1.65 acres Zoning: Commercial Land Property Taxes: $13,478 (2013) Location Information Price: Price negotiable Market Northwest County Wright Property Overview Great visibility from I-94 Located in the same area as the highly successful Albertville Outlet Mall High-traffic Location Area is undeserved by fast food establishments, making the property ideal for that purpose Across the street from active retail strip center Site will hold up support a building up to 15,000 SF
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LOCATION 2002 2003 2004 2005 2006 2007 2008 2009 2010 2014 A E OF CSAH19 (LA BEAUX AVE NE) 780 B S OF WB I-94 RMP 11,900 12,500 C &52 E OF CSAH19 IN ALBERTVILLE 48,100 55,000 58.000 54,000 52,000 46,000 D N OF WB I-94 RMP 13,600 17,000 E N OF 67TH ST NE 8,700 F WIM 6901 1.9 MI W OF CSAH37 NW OF ALB 51,700 57,000 62,000 61,000 56,000 62,000 G E OF LARGE AVE 580
Ethnicity 1 mi. 3 mi. 5 mi. % White 90.8 91.6 92.6 % Black/African American 2.7 2.5 2.2 % American Indian & Alaska Native 0.3 0.3 0.3 % Asian 3.3 3.0 2.3 % Native Hawaiian / Other Pacific Islanders 0.1 0.1 0.1 5 Year Projections 1 mi. 3 mi. 5 mi. Total Population 4,708 25,145 47,656 Group Quarters Population 2 6 464 Adult Population 3,112 16,713 32,518 Total Households 36,839 33,913 33,682 Per Capita Income (based on Total Population) 36,839 33,913 33,682 Total Population 16+ 3,251 17,482 33,999 5 Year Ethnicity Projections 1 mi. 3 mi. 5 mi. % White 90.8 91.5 92.6 % Black/African American 2.8 2.6 2.3 % American Indian & Alaska Native 0.3 0.3 0.3 % Asian 3.3 3.0 2.4 % Native Hawaiian / Other Pacific Islander 0.1 0.1 0.1 Housing and Household s 1 mi. 3 mi. 5 mi. Total Housing Units 1,518 7,377 13,967 Total Households 1,447 7,042 13,327 Owner-Occupied: Owned with a mortgage or loan 1,086 5,420 10,292 Owner-Occupied: Owned free and clear 98 610 1,408 Renter-Occupied 264 1,013 1,627 Aggregate Contract Rent $218,69 $870,732 $1,359,92 Average (Mean) Number of Vehicles Available 2.3 2.2 2.3
Ethnicity 1 mi. 3 mi. 5 mi. % White 90.8 91.6 92.6 % Black/African American 2.7 2.5 2.2 % American Indian & Alaska Native 0.3 0.3 0.3 % Asian 3.3 3.0 2.3 % Native Hawaiian / Other Pacific Islanders 0.1 0.1 0.1 5 Year Projections 1 mi. 3 mi. 5 mi. Total Population 4,708 25,145 47,656 Group Quarters Population 2 6 464 Adult Population 3,112 16,713 32,518 Total Households 36,839 33,913 33,682 Per Capita Income (based on Total Population) 36,839 33,913 33,682 Total Population 16+ 3,251 17,482 33,999 5 Year Ethnicity Projections 1 mi. 3 mi. 5 mi. % White 90.8 91.5 92.6 % Black/African American 2.8 2.6 2.3 % American Indian & Alaska Native 0.3 0.3 0.3 % Asian 3.3 3.0 2.4 % Native Hawaiian / Other Pacific Islander 0.1 0.1 0.1 Housing and Household s 1 mi. 3 mi. 5 mi. Total Housing Units 1,518 7,377 13,967 Total Households 1,447 7,042 13,327 Owner-Occupied: Owned with a mortgage or loan 1,086 5,420 10,292 Owner-Occupied: Owned free and clear 98 610 1,408 Renter-Occupied 264 1,013 1,627 Aggregate Contract Rent $218,69 $870,732 $1,359,92 Average (Mean) Number of Vehicles Available 2.3 2.2 2.3
% Households by Income 1 mi. 3 mi. 5 mi. % Household Income <$10,000 1.2 1.3 1.4 % Household Income $10,000-$14,999 2.0 1.9 1.8 % Household Income $15,000-$19,999 1.3 1.7 1.6 % Household Income $20,000-$24,999 2.6 2.8 2.8 % Household Income $25,000-$29,999 2.0 1.9 1.8 % Household Income $30,000-$34,999 2.6 2.5 2.3 % Household Income $35,000-$39,999 2.8 3.0 3.1 % Household Income $40,0000-$44,999 3.2 2.9 3 % Household Income $45,000-$49,999 2.7 2.6 3.2 % Household Income $50,000-$59,999 10.0 9.6 9.1 % Household Income $60,000-$74,999 13.5 13.7 14.1 % Household Income $75,000-$99,999 21.5 21.8 22.5 % Household Income $100,000-$124,999 19.0 18.4 17.5 % Household Income $125,000-$149,999 7.6 7.8 7.4 % Household Income $150,000-$199,999 4.5 4.5 5.1 % Household Income $200,000-$249,999 1.6 1.7 1.6 % Hous 235 1,138 1,946 Housing Value $200,000-$249,999 244 1,063 2,066 Housing Value $250,000-$299,999 121 673 1,418 Housing Value $300,000-$399,999 170 883 1,651 Housing Value $400,000-$499,999 41 203 434 Housing Value $500,000-$749,999 42 177 274 Housing Value $750,000-$999,999 9 42 68 Housing Value $1,000,000 or more 6 29 47 Total Owner-occupied housing units (OOHU) 1,183 6,029 11,700 Income 1 mi. 3 mi. 5 mi. Per Capita Income (based on Total Population) $32,236 $29,910 $29,703 Average (Mean) Household Income $92,602 $92,055 $92,027 Median Household Income $82,146 $81,838 $81,357 Aggregate Income $133,994,888 $648,265,133 $1,232,474,599
Demographics % Households by Income 1 mi. 3 mi. 5 mi. % Household Income <$10,000 1.2 1.3 1.4 % Household Income $10,000-$14,999 2.0 1.9 1.8 % Household Income $15,000-$19,999 1.3 1.7 1.6 % Household Income $20,000-$24,999 2.6 2.8 2.8 % Household Income $25,000-$29,999 2.0 1.9 1.8 % Household Income $30,000-$34,999 2.6 2.5 2.3 % Household Income $35,000-$39,999 2.8 3.0 3.1 % Household Income $40,0000-$44,999 3.2 2.9 3 % Household Income $45,000-$49,999 2.7 2.6 3.2 % Household Income $50,000-$59,999 10.0 9.6 9.1 % Household Income $60,000-$74,999 13.5 13.7 14.1 % Household Income $75,000-$99,999 21.5 21.8 22.5 % Household Income $100,000-$124,999 19.0 18.4 17.5 % Household Income $125,000-$149,999 7.6 7.8 7.4 % Household Income $150,000-$199,999 4.5 4.5 5.1 % Household Income $200,000-$249,999 1.6 1.7 1.6 % Household Income $250,000-$499,999 1.7 1.5 1.4 % Household Income $500,000+ 0.5 0.5 0.5 Education 1 mi. 3 mi. 5 mi. College undergraduate 189 905 1,676 Graduate or prof School 35 147 286 Employment and Occupation 1 mi. 3 mi. 5 mi. Total Civilian employed population aged 16+ 2,101 10,988 21,226
% Employment by Industry 1 mi. 3 mi. 5 mi. % Armed Forces 0.0 0.0 0.0 % Civilian, Employed 73.2 73.2 72.1 % Civilian, Unemployed 3.8 3.5 3.6 % Not in Labor Force 23.0 23.3 24.2 % Agriculture, forestry, fishing/hunting, mining 0.9 0.9 0.9 % Construction 9.0 9.0 8.8 % Manufacturing 17.2 17.0 17.9 % Wholesale trade 3.0 3.8 4.4 % Retail trade 11.1 10.6 11.6 % Transportation and warehousing and utilities 4.0 4.7 4.2 % Information 1.1 1.0 1.0 % Finance and ins, real estate, rental and leasing 6.6 7.6 7.3 % Professional, sci, mgmt, admin and waste mgmt svcs 11.3 10.8 9.9 % Educational svcs, health care and social asst 20.3 19.1 18.8 % Arts, entertainment, recreation, accom. and food svcs 6.2 6.3 6.1 % Other svcs, except public admin 5.4 5.8 5.7 % Public admin 4.0 3.4 3.4 Transportation to Work 1 mi. 3 mi. 5 mi. Total Workers 16+ 2,101 10,988 21,226 Car, truck, or van 1,937 10,014 19,403 Public transport (not taxi) 22 197 362 Taxicab 0 0 0 Motorcycle 0 0 29 Bicycle 0 0 17 Walked 10 68 105 Other means 1 13 35 Worked at home 131 697 1,274
Demographics Consumer Expenditures 1 mi. 3 mi. 5 mi. Average Apparel $1,988.9 $1,979.3 $1,974.6 Average Education $1,667.9 $1,685.5 $1,702.0 Average Entertainment $3,371.4 $3.382.2 $3,408.8 Average Food and Beverages $8,039.9 $8,042.9 $8,050.1 Average Gifts $492.0 $496.0 $506.7 Average Health Care $3,372.4 $3,461.2 $3,561.6 Average Household Furnishings and Equipment $1,744.8 $1,743.0 $1,749.7 Average Household Operations $1,981.2 $1,979.0 $1,981.0 Average Personal Care $652.3 $654.0 $656.5 Average Personal Expenditure $11,680.3 $11,728.8 $11,824.0 Average Reading $111.0 $114.0 $117.1 Average Shelter $11,138.5 $11,100.7 $11,060.8 Average Transportation $9,683.8 $9,668.8 $9,670.2 Average Utilities $3,838.8 $3,853.5 $3,874.1 Demand by Store Type 1 mi. 3 mi. 5 mi. Motor Vehicle & Parts Dealers $6,268,273 $30,430,172 $57,591,911 Furniture & Home Furnishings Stores $675,198 $3,265,231 $6,153,245 Electronics & Appliance Stores $1,085,970 $5,284,241 $10,033,653 Building Material & Garden Equipment & Supply Dealers $832,127 $4,117,994 $7,988,224 Food & Beverage Stores $5,456,373 $26,671,923 $50,677,947 Health & Personal Care Stores $988,660 $4,908,165 $9,490,200 Gasoline Stations $5,059,508 $24,542,679 $46,433,877 Clothing & Clothing Accessories Stores $1,426,408 $6,936,144 $13,143,601 Sporting Goods, Hobby, Book, & Music Stores $563,647 $2,733,522 $5,176,153 General Merchandise Stores $4,776,293 $23,236,375 $44,066,460 Miscellaneous Store Retailers $872,143 $4,266,542 $8,142,951 Nonstore retailers $4,204,513 $20,584,479 $39,255,782 Food Service & Drinking Places $4,348,575 $21,050,361 $39,750,041 General Merchandise, Apparel and Accessories, Furniture and Home Furnishings $8,828,728 $42,928,248 $81,380,831
IAG Commercial For more information, please contact: Jeff LaFavre President IAG Commercial 222 South Ninth Street, Suite 1600 Minneapolis, MN 55402 Phone: 612-868-7429 jlafavre@iagcommercial.com Brian Beeman Senior Advisor IAG Commercial 222 South Ninth Street, Suite 1600 Minneapolis, MN 55402 Phone: 320-333-8782 bbeeman@iagcommercial.com