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Shoppes at Prairie Run Mall is located at the busy intersection of County Rd 19 and Jason Ave. County Rd 19 connects the two cities of St. Michael and Albertville (a combined population of over 25,000) and leads directly to I-94. This convenient location is easy walking distance to the St. Michael/Albertville Health Clinic as well as the St. Michael/Albertville Jr. High and High Schools.
Demographics are very strong, with the area median household income of over $75,000. Since 2000, the area population has exploded by 10%, and strong continued growth is projected. The Albertville Premium Outlet Mall, located within 1 mile, is among the largest volume malls in the US (#4).
Three units are available starting at 1,260 SF and contiguous to 4,822 SF. ADA restrooms are included in a common area at no charge. Some kitchen equipment may be available for a restaurant user.
Current tenants include Snap Fitness, Marketplace Pharmacy, Finken Water, & Patti J's Cafe.
Rental rate range is $14.00-$16.50/SF NNN.
Co-listed by Copperwood Investments & EJL Commercial Real Estate. Please call for additional information. 60 free surface spaces are available. Owner is able to make additional parking spaces available.
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On average, listings lease in the $10's per square foot per year. The Albertville submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 27% decrease in rent.
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