$6,355,200 USD
619-297-0055
3913 W Old Shakopee Rd
Bloomington, MN 55437
Bloomington West
HIGHLIGHTS
- The lease calls for five 10-year options, with rental increases every 10 years.
- Walgreens has a history of strong front end sales and is reporting volumes of approximately $3M.
- Within a 5 mi and 10 mi radius there is approximately 75k residents and 175k residents. Average HH incomes range from $70k to $80k in a 5 mi radius.
- The property is the only Walgreens property inside the I-35W, HWY 13 W, and HWY 169 freeway loop in West Bloomington, for over 3.5 miles.
- Over 10.6 million square feet of existing industrial space is within 3 miles of the property, with a vacancy rate under 3%.
- The property is situated at the signalized hard corner of W Old Shakopee Rd and France Ave S, with over 37,000 vehicles per day.
FOR SALE DETAILS
PRICE
$6,355,200 USD
PRICE/SF
$807 USD /SF
CAP RATE
8.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Minneapolis MSA -±$3M in Sales - Rental Incrs
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2008
SPRINKLERS
-
PARKING SPACES
40
LAND DETAILS
LAND ACRES
1.18 AC
LAND SF
51,618 SF
ZONING
Commercial
APN/PARCEL ID
19-027-24-41-0031
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619-297-0055
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619-297-0055
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