Shops at Randolph Hill | Shadow Anchored by Trader Joes
St. Paul, MN
Price: $1,690,000Cap Rate: Building SF: 5,591 SFLot Size: .611 AcresYear Built: 2008Status: Closed

Investment Highlights: 

Shadow Anchored by Consistent Top Performing Trader Joe’s in the State – Strong Customer Draw to Center – Retail Synergy – The center is shadow anchored by Trader Joe’s, a privately held chain of specialty grocery stores with 467 locations in 41 states and Washington D.C. (as of Aug 2017). The Trader Joe’s is a top 3 performing store in the state of Wisconsin, providing an outstanding customer draw to the center. In addition, the subject property benefits from a strong retail synergy with neighboring retailers including BP, Associated Bank, PJ Murphy’s Bakery, Maverick’s Pizza, US Post Office, Burger King, Starbucks, US Bank, Kowalski’s Markets, and more.

 100% Leased Neighborhood Center – Desirable Tenant Mix – Staggered Lease Expirations  – The subject property is a 100% leased neighborhood center located in St. Paul’s highly affluent Highland Park neighborhood. The center offers a desirable tenant roster of national and regional tenants including Papa John’s Pizza, Rusty Taco, V&T Nails, and Shark Tooth Tattoo.

Triple-Net (NNN) Leases – Staggered Expiration – Rent Growth – Minimal LL Responsibilities  –  The rent roll features staggered lease expirations over the next five years with rent growth ranging from 3%-10%. In addition, the Triple-Net (NNN) nature of the lease structures offer an owner minimal landlord responsibilities, providing an investor with a stabilized low-maintenance investment.

Located on Hard Corner Signalized Intersection – Excellent Visibility & Traffic Counts – The subject property is located on the hard corner signalized intersection of Randolph Ave & Lexington Pkwy, which see combined traffic counts of 30,000+ cars per day. Lexington Pkwy is a main commuter corridor for travelers to/from Interstate 35E, providing excellent visibility and signage to the center.

Immediate Freeway Access – Minutes to Downtown St Paul-Minneapolis-International Airport – The center is located one block from the on/off ramp to Interstate 35E (82,000 cars per day), providing quick access to downtown St. Paul (5 miles away), downtown Minneapolis (9 miles away), and the Minneapolis-St Paul International Airport (4.6 miles away).

Desirable Twin Cities Market – Affluent Demographics & High Quality of Life –

The center is located in the St Paul neighborhood of Highland Park, just minutes from Downtown St. Paul. The area is densely populated, with nearly 336,000 people within a 5-mile radius of the subject property with an average household income of over $78,000. 


St Paul is the capital city of Minnesota and the state’s second most populous city, and along with Minneapolis, forms the “Twin-Cities”. The Twin Cities’s economy is the 13th largest in the U.S. and ranks second in the Midwest. The Minneapolis-St. Paul area also ranks as the second largest medical device manufacture center in North America and the fourth-biggest U.S. banking center, based on total assets of banks headquartered in the metro area, ranking behind the New York, San Francisco, and Charlotte, N.C. metropolitan areas.

Ryan Barr
O. 760.448.2446
F. 760.929.9977

Ryan Bennett
O. 760.448.2449
F. 760.929.9977