7940-7950 Penn Ave, Bloomington, MN 55431
22,520 SF | 100% Leased | 4-Star Retail Building | Bloomington, MN 55431 | $14,428,180 ($641/SF) | 6% Cap Rate
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 7 days
Asking Price $14,428,180
- Property Type
-
Retail
- Square Feet
- 22,520 SF
- Price / Square Foot
- $641
Listing Contacts
Keith Sturm
Verified Profile
Deborah Vannelli
Verified Profile
Amanda Leathers
Verified Profile
- Property Info
Property Overview
Loan Assumption of $5,186,532 @ 4.15% interest rate, 20 years fully amortizing through February 15, 2035.
Property Details
- Class
- A
- Year Built
- 2006
- Stories
- 1
- Property Subtype
- Storefront
- Lot Size (sq. ft)
- 98,446 SF
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.
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