Duluth, MN
Price: $7,489,985
Cap Rate: 6.16%
Status: AVAILABLE

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Blue West Capital is pleased to exclusively offer for sale Hansen Center (Panera Bread, The Vitamin Shoppe, Verizon, and Sleep Number) located in Duluth, Minnesota.  This is a rare opportunity to acquire one property consisting of two single tenant buildings and a two-tenant building.

The property is positioned at the heavily trafficked signalized intersection of Miller Truck Highway and Maple Grove Road and centrally placed within a regional retail destination.

  • Located in Duluth, Minnesota’s 2nd largest metro area with a population of approximately 280,000 people
  • Rare opportunity to acquire one property consisting of two single tenant buildings and a two-tenant building
  • All four net leases are corporate
  • Located at the heavily trafficked signalized intersection of Miller Truck Highway & Maple Grove Road (37,000 VPD)
  • Centrally located within a regional retail destination that includes the Miller Hall Mall (831,000 SF and owned by Simon Property Group), Target, HOme Depot, ALDI, Sam’s Club, Kohl’s, Fleet Farm, Walmart Supercenter, Hobby Lobby, Best Buy, T.J. Maxx and many others
  • Panera features a drive thru
  • Over 75,000 people living within five miles
  • Recent high-end construction (2013)
  • Approximately three miles south of Duluth International Airport

OFFERING SUMMARY

Price: $7,489,985
Cap Rate: 6.16%

Building Size: 14,000 SF
Lot Size:
1.93 Acres

INVESTMENT CONTACT

ZACH WRIGHT    
Director
Net Lease Investment Sales
720.966.1628
Zach@BlueWestCapital.com

BRANDON WRIGHT  
Associate
Investment Sales
720.828.7457
Brandon.Wright@BlueWestCapital.com

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2022-01-12T09:32:19-07:00
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