7940 Penn AveBloomington, MN 55431

This exceptional retail investment property in Bloomington, Minnesota, boasts a 100% occupancy rate with four strong national tenants: Walgreens, T-Mobile, Caribou Coffee, and Jimmy John's. The 22,520 square foot center sits on a 2.26-acre lot, built in 2006, and enjoys a highly visible location along I-494, averaging 157,704 vehicles daily. Its strategic outlot position near Target and Hobby Lobby, coupled with proximity to Best Buy's corporate headquarters and other major retailers (Chick-fil-A, Kohl's, TJ Maxx, etc.), ensures consistent high traffic. The property offers a compelling 6.00% cap rate and a strong NOI of $865,690, with a remaining lease term of two years. Assumable financing is available at 4.15% interest over 20 years. The exceptional demographics of the area, including a 5-mile population of 240,840 and an average household income exceeding $151,000, further solidify this investment's potential. The property's location near major transportation arteries, including MSP International Airport, and prominent shopping destinations like the Mall of America, adds to its appeal. This is a rare opportunity to acquire a well-positioned, multi-tenant retail property with significant upside potential in a thriving market. The property benefits from a low rent-to-sales ratio and features all original tenants with multiple renewals. The nearby 12-acre mixed-use development adds to the area's growth potential.