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Caribou | T-Mobile | Walgreens | Jimmy Johns 7940-7950 Penn Ave S

23,019 SF 100% Leased 4-Star Retail Building Bloomington, MN 55431 £11,289,330 (£490/SF) 6% Net Initial Yield

Investment Highlights

  • The Caribou Coffee/T-Mobile/Walgreens/Jimmy John’s Center is 100% leased with 3 Corporate tenants including Caribou Coffee, T-Mobile, Walgreens.
  • Low rent to sales.
  • Located on an outlot to Target and Hobby Lobby with neighboring retailers such as Chick-Fil-A, Fresh Thyme, McDonald’s, Petco, TJMaxx, Kohl’s, & more.
  • Assumable financing: $5,186,532 @ 4.15% Interest Rate, 20 years fully amortizing through February, 15, 2035.
  • Generational ownership location situated across from Best Buy Corporate Headquarters Campus, with 7,500+ employees & conveniently located off I-494.
  • Located only minutes from MSP International Airport, Mall of America, Southdale Mall, Galleria, and Downtown Minneapolis.

Executive Summary

Loan Assumption of $5,186,532 @ 4.15% interest rate, 20 years fully amortizing through February 15, 2035.

Attachments

CoStar MP

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
23,019 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2006
Price
£11,289,330
Price Per SF
£490
Net Initial Yield
6%
NOI
£677,360
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.23
Lot Size
2.26 AC
Zoning
Commercial
Parking
101 Spaces (4.39 Spaces per 1,000 SF Leased)
Frontage
365 ft on Penn Ave S

Amenities

  • Bus Route
  • Pylon Sign
  • Signage
  • Signalised Intersection
  • Drive Thru

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Caribou Coffee
  • -
  • -
  • -
  • -
  • Jimmy Johns
  • -
  • -
  • -
  • -
  • T-Mobile
  • -
  • -
  • -
  • -
  • Walgreens
  • -
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Caribou Coffee - - - -
Jimmy Johns - - - -
T-Mobile - - - -
Walgreens - - - -
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Walk Score ®
Very Walkable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Caribou Coffee
Starbucks
Red Lobster
Red Robin Gourmet Burgers
Huntington National Bank
U.S. Bank
Bank of America
Applebee's
The YMCA
Whole Foods Market

PROPERTY TAXES

Parcel Number 05-027-24-11-0004 Improvements Assessment £4,883,349
Land Assessment £1,923,966 Total Assessment £6,807,315

PROPERTY TAXES

Parcel Number
05-027-24-11-0004
Land Assessment
£1,923,966
Improvements Assessment
£4,883,349
Total Assessment
£6,807,315
(612) 332-6600

Contacts

  • Listing ID: 31533593

  • Date on Market: 17/04/2024

  • Last Updated:

  • Address: 7940-7950 Penn Ave S, Bloomington, MN 55431

The Retail Property at 7940-7950 Penn Ave S, Bloomington, MN 55431 is currently available for sale. Contact Upland Real Estate Group, Inc. for more information.

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© 2024 CoStar Group

Caribou | T-Mobile | Walgreens | Jimmy Johns | 7940-7950 Penn Ave S
(612) 332-6600 x

Caribou | T-Mobile | Walgreens | Jimmy Johns | 7940-7950 Penn Ave S

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Keith Sturm

(612) 332-6600

(612) 332-6600

Deborah Vannelli

(612) 376-4475

(612) 376-4475

Amanda Leathers

(612) 436-0045

(612) 436-0045

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