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Penn American | Grocery Anchored: Fresh Thyme 2100 W 82nd 1/2 St

58,531 SF 100% Leased 4-Star Retail Building Bloomington, MN 55431 For Sale

Investment Highlights

  • BACKED BY GROCERY ANCHOR - FRESH THYME - 48% of the GLA and 46% of the in-place revenue.
  • TRAFFIC DRIVING MIXED-USE SHADOWS
  • LOCATIONAL ADVANTAGE - Bloomington is home to 10M SF of retail including the famous Mall of America drawing nearly 18 million annual visitors.
  • VALUE-ADD OPPORTUNITIES BACKED BY HEALTHY IN-PLACE CASH FLOW
  • DENSELY POPULATED AND EXPANSIVE TRADE AREA - population of 317,294 with an average household income of $132,944.
  • DAYTIME POP.: The city is the epicenter of economic development with 13.3M SF of space and multiple corporate HQ including Best Buy's 1.6M SF camp

Executive Summary

Qualified investors are extended the opportunity to acquire Penn American, a 91% occupied 58,531 square foot grocery-anchored shopping center in the heart of a mixed-use development strategically located near multiple interstates. Anchored by Fresh Thyme Marketplace, Penn American features a tenant line-up consisting of service-oriented, internet resistant tenants that complement the grocer, hotel, and apartment building components of the development. Penn American is located within the 10M SF Bloomington retail corridor, home to virtually every national retailer operating in the metro Minneapolis market and the well-known Mall of America. Sitting less than half a mile away from two major interstates, Penn American boasts unparalleled accessibility to downtown Minneapolis and the surrounding suburbs.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
58,531 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2015
NOI
$1,198,246
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Land Acres
4.07 AC
Zoning
Commercial
Frontage
549 FT on American Blvd

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Fresh Thyme
  • -
  • 58,531 SF
  • -
  • Sep 2030
Tenant Industry SF OCCUPIED RENT/SF Lease End
Fresh Thyme - 58,531 SF - Sep 2030

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 2105A
  • 1,522 SF
  • Retail
  • -
  • 30 Days

South Retail- Suite 2105A 1,522 SF, Suite 2105D 1,709 SF South Retail $14.50 PSF (CAM $5.00 + RET $9.50)

  • 2105D
  • 1,709 SF
  • Retail
  • End Cap
  • 30 Days

South Retail- Suite 2105A 1,522 SF, Suite 2105D 1,709 SF South Retail $14.50 PSF (CAM $5.00 + RET $9.50)

  • 2240D
  • 2,035 SF
  • Retail
  • End Cap
  • 30 Days

North Retail- Suite 2240D 2,035 SF North Retail $23.50 PSF (CAM $14.50 + RET $9.00)

Space Size Space Use Position Available
2105A 1,522 SF Retail - 30 Days
2105D 1,709 SF Retail End Cap 30 Days
2240D 2,035 SF Retail End Cap 30 Days

2105A

Size
1,522 SF
Space Use
Retail
Position
-
Available
30 Days

2105D

Size
1,709 SF
Space Use
Retail
Position
End Cap
Available
30 Days

2240D

Size
2,035 SF
Space Use
Retail
Position
End Cap
Available
30 Days

2105A

Size 1,522 SF
Space Use Retail
Position -
Available 30 Days

South Retail- Suite 2105A 1,522 SF, Suite 2105D 1,709 SF South Retail $14.50 PSF (CAM $5.00 + RET $9.50)

2105D

Size 1,709 SF
Space Use Retail
Position End Cap
Available 30 Days

South Retail- Suite 2105A 1,522 SF, Suite 2105D 1,709 SF South Retail $14.50 PSF (CAM $5.00 + RET $9.50)

2240D

Size 2,035 SF
Space Use Retail
Position End Cap
Available 30 Days

North Retail- Suite 2240D 2,035 SF North Retail $23.50 PSF (CAM $14.50 + RET $9.00)

Walk Score ®
Very Walkable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Red Robin Gourmet Burgers
Red Lobster
Caribou Coffee
Starbucks
Bank of America
Applebee's
U.S. Bank
Huntington National Bank
ALDI
Noodles & Company

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 04-027-24-23-0076
  • 04-027-24-23-0077
Land Assessment
$2,497,900
Improvements Assessment
$6,491,600
Total Assessment
$8,989,500
  • Listing ID: 33990497

  • Date on Market: 11/24/2024

  • Last Updated:

  • Address: 2100 W 82nd 1/2 St, Bloomington, MN 55431

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