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7940-7950 Penn Ave S
Bloomington, MN 55431

$14,428,180 USD

Storefront For Sale  •  23,019 SF

Property Details

  • Property Type Storefront
  • Total Building Size 23,019 SF
  • Lot Size 2.26 AC
  • Building Class A
  • Year Built 2006
  • Cap Rate 6.00 %
  • Tenancy Multiple
  • Zoning Commercial
0 Transit Score
80 Walk Score

Highlights

The Caribou Coffee/T-Mobile/Walgreens/Jimmy John’s Center is 100% leased with 3 Corporate tenants including Caribou Coffee, T-Mobile, Walgreens.
Assumable financing: $5,186,532 @ 4.15% Interest Rate, 20 years fully amortizing through February, 15, 2035.
Low rent to sales.
Generational ownership location situated across from Best Buy Corporate Headquarters Campus, with 7,500+ employees & conveniently located off I-494.
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.
Located only minutes from MSP International Airport, Mall of America, Southdale Mall, Galleria, and Downtown Minneapolis.

Property Flyers

Cap Rate: 6.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Caribou Coffee
Jimmy Johns
T-Mobile
Walgreens

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

Public Transportation

AirportDriveWalkDistance
Minneapolis-St Paul International/Wold-Chamberlain 11 min - 6.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 101
Type: Surface
Included in Rent: Yes
Keith Sturm 612-332-6600 Upland Real Estate Group, Inc.
Keith Sturm 612-332-6600 Upland Real Estate Group, Inc.