Penn American | Grocery Anchored: Fresh Thyme 2100 W 82nd 1/2 St 58,531 SF 100% Leased 4-Star Retail Building Bloomington, MN 55431 For Sale
INVESTMENT HIGHLIGHTS
- BACKED BY GROCERY ANCHOR - FRESH THYME - 48% of the GLA and 46% of the in-place revenue.
- TRAFFIC DRIVING MIXED-USE SHADOWS
- LOCATIONAL ADVANTAGE - Bloomington is home to 10M SF of retail including the famous Mall of America drawing nearly 18 million annual visitors.
- VALUE-ADD OPPORTUNITIES BACKED BY HEALTHY IN-PLACE CASH FLOW
- DENSELY POPULATED AND EXPANSIVE TRADE AREA - population of 317,294 with an average household income of $132,944.
- DAYTIME POP.: The city is the epicenter of economic development with 13.3M SF of space and multiple corporate HQ including Best Buy's 1.6M SF camp
EXECUTIVE SUMMARY
Qualified investors are extended the opportunity to acquire Penn American, a 91% occupied 58,531 square foot grocery-anchored shopping center in the heart of a mixed-use development strategically located near multiple interstates. Anchored by Fresh Thyme Marketplace, Penn American features a tenant line-up consisting of service-oriented, internet resistant tenants that complement the grocer, hotel, and apartment building components of the development. Penn American is located within the 10M SF Bloomington retail corridor, home to virtually every national retailer operating in the metro Minneapolis market and the well-known Mall of America. Sitting less than half a mile away from two major interstates, Penn American boasts unparalleled accessibility to downtown Minneapolis and the surrounding suburbs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
58,531 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2015
NOI
$1,660,134 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
4.07 AC
Zoning
Commercial
Frontage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Fresh Thyme
- -
- 58,531 SF
- -
- Sep 2030
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Fresh Thyme | - | 58,531 SF | - | Sep 2030 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
South Retail- Suite 2105A 1,522 SF, Suite 2105D 1,709 SF South Retail $14.50 PSF (CAM $5.00 + RET $9.50)
South Retail- Suite 2105A 1,522 SF, Suite 2105D 1,709 SF South Retail $14.50 PSF (CAM $5.00 + RET $9.50)
North Retail- Suite 2240D 2,035 SF North Retail $23.50 PSF (CAM $14.50 + RET $9.00)
| Space | Size | Space Use | Position | Available |
| 2105A | 1,522 SF | Retail | In-Line | 30 Days |
| 2105D | 1,709 SF | Retail | End Cap | 30 Days |
| 2240D | 2,035 SF | Retail | End Cap | 30 Days |
2105A
| Size |
| 1,522 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
2105D
| Size |
| 1,709 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| 30 Days |
2240D
| Size |
| 2,035 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| 30 Days |
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $9,288,895 CAD | |
| Land Assessment | $3,574,270 CAD | Total Assessment | $12,863,165 CAD |
