Caribou Coffee | T-Mobile | Walgreens | Jimmy John's
$14,428,180
7940 Penn Avenue South, Minneapolis, MN 55431
For Sale
Retail
Strip Center
Active
Last Updated: 04/14/2025
6
Cap Rate
865,690
NOI
Details:
Cap Rate: 6%
NOI: $865,690
Building Size: 22,520 sqft
Lot Area: 2.26 acres
Occupancy: 100%
Year Built: 2006
Tenancy: Multiple
Description:
The Caribou Coffee/T-Mobile/Walgreens/Jimmy John’s Center is located in Bloomington, Minnesota, a suburb located approximately 10 miles south of downtown Minneapolis. This property is located in a trophy location along I-494 where traffic counts average 157,704 vehicles daily and situated across from Best Buy Corporate Headquarters Campus. The Center is 100% leased with 4 tenants including Corporate Walgreen’s, Caribou Coffee, T-Mobile, and a large 41-unit Jimmy John’s franchisee. Located on an outlot to Target and Hobby Lobby, other nearby tenants include Chick-Fil-A, Bank of America, McDonald’s, Huntington Bank, Kohl’s, TJMaxx, Petco, Fresh Thyme, and much more.
Documents:
| Title | ||
|---|---|---|
|
PUBLIC_Walgreens_Center_-_Bloomington__MN_MP.pdf
|
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery
