Overview
Transwestern is pleased to present Chaska Commons, a major retail center located at 200 Pioneer Trail for sale. Anchored by prominent retailers such as Cub Foods, it serves as a central shopping destination for residents in Chaska and nearby communities. The center features approximately 155,641 square feet of gross leasable area and offers a variety of retail suites for lease, typically ranging from 1,200 to over 4,000 square feet, ideal for retail shops and service-oriented businesses. Chaska Commons benefits from excellent visibility and accessibility, situated near U.S. Highway 212 and Minnesota State Highway 41, and is also served by SouthWest Transit, providing convenient public transportation. With ample on-site parking and a strong tenant mix, the center plays a vital role in the local economy by offering a diverse range of shopping, dining, and service options in one easily accessible location.
Investment Highlights
Chaska Commons is well positioned for continued success, driven by the significant lease-up the property has already achieved. The current tenant mix has resulted in a weighted average tenant tenure of 16.98 years: an indicator of the success that the tenants have had in this shopping center and area of the market. Chaska Commons continues to experience strong tenant demand and is trending toward full utilization. As current occupants commit to extended terms, investors can expect reduced turnover costs compared to similar properties with higher vacancy rates. Chaska Commons is the perfect property for investors to realize upside opportunities, significant cash flow, and returns.
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