Cedar Point Commons

Investment Overview

Cedar Point Commons (the “Property”) is a multi-tenant retail center, part of the Cedar Point Commons development, a 350,000 square foot community center anchored by Target and Home Depot and located in the densely populated first-ring suburb of Richfield, MN.

Investment Highlights

• SHADOW ANCHORED BY A TOP-PERFORMING TARGET - Ranked #8 of 70 Minnesota locations and within the top 2.5% nationally, generating exceptional customer
• traffic and reinforcing the strength of the retail corridor.
• ADJACENT TO MINNEAPOLIS-ST. PAUL INTERNATIONAL AIRPORT - Located next to one of the nation’s busiest airports, serving 37+ million annual passengers
• and supporting significant daytime demand.
• LESS THAN FIVE MINUTES FROM MALL OF AMERICA - Benefits from proximity to one of the country’s premier retail and entertainment destinations, attracting 30+ million visitors annually.
• DENSE INFILL LOCATION WITH HIGH BARRIERS TO ENTRY - Established first-ring suburban trade area with limited land available for future retail development.
• INTERNET-RESISTANT, DAILY-NEEDS TENANT MIX - Diversified lineup of service, restaurant, healthcare, and telecommunications tenants that generate recurring
• customer visits.
• RECENT LEASING MOMENTUM - Over the past year, Noodles and River Parkway Chiropractic extended their leases and Xfinity signed a new lease.
• AFFLUENT CONSUMER BASE - Average household income exceeds $144,000, with more than 20% of household earning over $200,000 annually within three miles.
• PROVEN SOUTH METRO RETAIL CORRIDOR - Serves dense South Minneapolis and first-ring suburban neighborhoods with established retail demand and strong long-term consumer spending.