700 Hennepin Ave - Restaurant FOR SALE
Minneapolis, MN 55403 |
700 Hennepin Ave
Minneapolis, MN 55403
HIGHLIGHTS
- 700 Hennepin Avenue is an iconic retail property with Minneapolis’ largest rooftop bar and a prominent Downtown/Theater District location.
- Walkable from historic theaters, the First Avenue music venue, the Target Center (NBA Timberwolves/ WNBA Lynx), and Target Field (MLB Twins).
- Desirable building features include spacious dining and lounge areas, multiple kitchens, and private rooms, creating flexible operational options.
- Strong annual visitor traffic exceeding 9.7 million from nearby professional sports venues empowers retailers with a robust, built-in audience.
- Within the booming Twin Cities region, boasting the nation’s 10th-largest economy and the headquarters site for 17 Fortune 500 companies.
- High-demand retail submarket, with vacancies of just 2.7%, annual rent growth of 4.5%, and no competing inventory delivered in the last 10 years.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Trophy Downtown Restaurant & Rooftop Bar
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
36093
STORIES
2
YEAR BUILT
1916
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
22-029-24-43-0209,22-029-24-43-0210
