This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

911 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

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

23,019 SF 100% Leased 4-Star Retail Building Bloomington, MN 55431 $20,451,512 CAD ($888 CAD/SF) 6% Cap Rate

Storefront Properties Minnesota Bloomington 7940-7950 Penn Ave S, Bloomington, MN 55431

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
$20,451,512 CAD
Price Per SF
$888 CAD
Cap Rate
6%
NOI
$1,227,091 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Land Acres
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 Line
  • Pylon Sign
  • Signage
  • Signalized 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 - - - -
1 of 1
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 $8,846,572 CAD
Land Assessment $3,485,417 CAD Total Assessment $12,331,989 CAD

PROPERTY TAXES

Parcel Number
05-027-24-11-0004
Land Assessment
$3,485,417 CAD
Improvements Assessment
$8,846,572 CAD
Total Assessment
$12,331,989 CAD
(612) 332-6600

  • Listing ID: 31533593

  • Date on Market: 2024-04-17

  • 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.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/2
7940-7950 Penn Ave S, Bloomington, MN for sale Building Photo- Image 1 of 2
Building Photo

1 of 1

Connect with us

© 2024 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

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

1/3

Keith Sturm

(612) 332-6600

(612) 332-6600

Deborah Vannelli

(612) 376-4475

(612) 376-4475

Amanda Leathers

(612) 436-0045

(612) 436-0045

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link